Delinquency rates on commercial mortgage-backed securities backed by office properties jumped in May by the most since June 2018.  ( 17 min )

Markets fell on Monday, June 5, 2023 as initial enthusiasm for Apple's new headset faded.  ( 16 min )

The Dow Jones Industrial Average fell 0.6%, or about 200 points, as markets cooled off from Friday's blistering rally. Amgen rose more than any other stock, but Intel led the index lower.  ( 17 min )

Apple shares hit an all-time high on Monday as the company released its long-awaited mixed reality headset.  ( 17 min )

Sales of Tesla EVs made in China soared in May and were up 142% from the same period in 2022, when COVID-19 restrictions limited production.  ( 16 min )

A dividend is usually declared quarterly after a company finalizes its income statement and dividends are paid either by check or in additional shares of stock.  ( 25 min )

When the economy blows up, find out what funds offer some protection from major losses.  ( 21 min )

GM said it plans to invest more than $1 billion on manufacturing new heavy-duty ICE pickups.  ( 16 min )

The NYSE and the Nasdaq have pre-market and after-hours trading. Several factors are worth considering if you want to trade at these times.  ( 24 min )

This week’s cryptocurrencies to keep an eye on are XRP (XRP), The Sandbox (SAND), XDC Network (XDC), and Lido (LDO).  ( 20 min )

A defensive acquisition is a strategy that consists of a company buying another company as a "defense" against market downturns or possible takeovers.  ( 21 min )

The SEC has sued Binance, BAM Trading Services, and founder Changpeng Zhao for violating U.S securities laws, including the operation of an unregistered exchange.  ( 19 min )

You don’t need your parents to get a student loan. Learn about private and federal student loans to see which loans you may be eligible for.  ( 23 min )

With the plethora of digital currency exchanges, how can an investor choose the right one? Take the steps to find the best exchange for your needs.  ( 23 min )

The financial services sector consists of a diverse group of companies that goes beyond banks and credit unions.  ( 26 min )

Stock options and stock warrant have similar functions. However, companies use these two financial instruments for different purposes.  ( 22 min )

Especially at senior levels, LGBTQ+ representation in the workplace is low.  ( 29 min )

Employers in the service sector say they’re pulling back on hiring, raising concerns about cracks showing in the until-now stalwart labor market.  ( 16 min )

Members of the LGBTQ+ community have had a harder time getting home mortgages, although that may be starting to change.  ( 26 min )

A nearly equal share of women and men have IRAs, but men have a substantial lead when it comes to account balances and retirement readiness.  ( 25 min )

A derivative that gives the holder the right, but not the obligation, to buy or sell a security at a certain price before expiration.  ( 22 min )

First Republic Bank’s collapse was due to several factors, including its high levels of uninsured deposits and broader concerns about the stability of regional banks.  ( 29 min )

Rates on 30-year loans inched up after sinking to a two-week low, while 15-year rates dipped slightly and jumbo 30-year rates were flat.  ( 20 min )

A blank check company is a developmental stage company that has no specific business plan or has the intent to merge or acquire another firm.  ( 22 min )

Personal loan rates continued to moderate this week, lowering the overall average by 7 basis points.  ( 17 min )

Apple's stock has risen to a new all-time on Monday ahead of its developer conference where the company is expected to unveil its mixed reality headsets.  ( 17 min )

Bayes' theorem is a mathematical formula for determining conditional probability of an event. Learn how to calculate Bayes' theorem and see examples.  ( 24 min )

Follow these 10 steps to help you build a profitable trading plan. It's impossible to avoid disaster without trading rules—so, make sure you know how to devise them for yourself.  ( 25 min )

The dividend discount model (DDM) is a system for evaluating a stock by using predicted dividends and discounting them back to present value.  ( 29 min )

A bribe is an illegal act in which a gift (for example, money) is given with the goal of influencing an outcome.  ( 19 min )

The War Damage Corporation was a government program created during World War II to provide coverage for property damages related to war.  ( 18 min )

Finance is the study of money management and the process of acquiring needed funds—including personal finance, corporate finance, and public finance.  ( 24 min )

U.S. equities were mixed at midday on Monday, June 5, 2023, with Apple helping to boost the tech sector.  ( 16 min )

A risk premium is the return in excess of the risk-free rate of return that an investment is expected to yield.  ( 26 min )

Oil futures rose after Saudi Arabia announced it would reduce crude output by an additional 1 million barrels per day beginning in July.  ( 16 min )

EPAM shares fell to their lowest level in more than a year after the company cut its current quarter and full-year revenue and profit outlook as customers pulled back spending.  ( 16 min )

Rates on 30-year loans inched up after sinking to a two-week low, while 15-year rates dipped slightly and jumbo 30-year rates were flat.  ( 19 min )

Understand what tradable commodities are as well as the rules and risks governing how they are sold and traded in the marketplace.  ( 20 min )

Next of kin is usually defined as a person's closest living blood relative, someone who may have inheritance rights, and obligations.  ( 25 min )

Property taxes can be a huge burden for the homeowner. Learn more about some of the tricks you can use to lower your property tax.  ( 26 min )

Delivered-at-place (DAP) refers to an arrangement wherein the seller covers the costs and takes on the risks of moving product to the buyer's location.  ( 23 min )

Federal regulators are preparing to introduce new banking rules that would force big banks to hold up to 20% more capital, the Wall Street Journal reported Monday.  ( 16 min )

BRY, GNK, EGLE, CALM, and SFL lead peers by forward dividend yield  ( 23 min )

Lex Sokolin, one of our favorite futurists, rejoins The Express to show us how A.I., ChatGPT, and the Blockchain are already changing finance and investing, and where they are taking us into the future.  ( 18 min )

The list of the 500 companies that make up the S&P 500 is called its constituent list and includes many well-known names.  ( 24 min )

Saudi Arabia will cut oil production by 1 million barrels this summer and Apple prepares to release its new VR headset. Here’s what investors need to know today.  ( 17 min )

These five popular candlestick chart patterns signal a bullish reversal in downtrend.  ( 25 min )

Balanced trade is an economic model under which countries engage in reciprocal trade patterns and do not run significant trade surpluses or deficits.  ( 25 min )

A virtual assistant is an independent contractor who provides administrative services to clients while working outside of the client's office.  ( 23 min )

Learn about the Securities Industry Essentials Exam (SIE), the streamlined qualification test from FINRA for people looking to get a job in the securities industry.  ( 24 min )

Puerto Rico has beautiful beaches, a great climate, and tax breaks for American buyers—but also a huge debt crisis. Learn more about purchasing a condo in Puerto Rico.  ( 23 min )

Positive pay is a banking service used to match the checks a company issues with those it presents for payment. Learn how it is used to deter check fraud.  ( 24 min )

Lael Brainard is director of the National Economic Council as of February 2023 and a former vice chairman of the Federal Reserve Board.  ( 22 min )

Unity's software will be used in Apple's new headset. After Apple's announcement, Unity stock had its best intraday performance since November 10.  ( 8 min )

Blackstone real estate investment trust (BREIT) is known as one of America’s largest and most dependable privately held REITs when it comes to delivering investor returns. However, 2023 has proven to be a difficult year for real estate investors, and Blackstone is not immune. As of May 1, 2023, Blackstone announced it is limiting investor withdrawals from its REIT, which is worth an estimated $70 billion. This move is not a new trend, as Blackstone has been limiting monthly investor withdrawals  ( 9 min )

Investors are bracing for a wave of U.S. government bond issuance as the Treasury plans to refill its depleted coffers quickly after the recent suspension of the debt limit. The Treasury General Account has fallen sharply since January when Treasury hit its limit on borrowing. Deutsche Bank strategist Steven Zeng said in a recent research note he expected net bill issuance of $400 billion in June, followed by $500 billion between July and September.  ( 6 min )

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History repeats itself. According to Dow Jones Market Data, Apple shares have averaged a 0.3% decline during WWDC keynotes, going back to 2013. Sure enough, tn the first few minutes after Apple announced and offered details for its 'Vision Pro' mixed reality headset, the company's stock lost its g  ( 25 min )

As a serial entrepreneur who co-founded Tesla Inc., revolutionized the electric car industry and is sending rockets into space, Elon Musk isn’t known for being a real estate guru. But lately, the billionaire has been sounding the alarm for the sector. “Commercial real estate is melting down fast,” Musk said in a recent tweet. “Home values next.” He elaborated on the dire forecast during an interview with former Fox News personality Tucker Carlson in April. “We really haven’t seen the commercial  ( 9 min )

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The 10% reduction in output suggests Riyadh is willing to sacrifice market share to prop up prices.  ( 35 min )

Binance is by far the world's largest cryptocurrency exchange and a pillar of the digital asset economy. Bitcoin fell after the news of the SEC charges.  ( 22 min )

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The data-analytics software company says it was awarded a contract from the U.S. Special Operations Command.  ( 22 min )

Despite a recent surge in stocks, Morgan Stanley sees an earnings recession on the horizon in 2023.  ( 9 min )

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Citi analyst Christopher Danely says chip stocks "are due for a pullback.” He's cautious on the group, and has moved Micron stock to the front of the pack.  ( 22 min )

The Biden administration has asked a federal judge to toss out a lawsuit by Republican-led states seeking to strike down a rule allowing socially-conscious investing by employee retirement plans. The U.S. Department of Justice in a filing in Amarillo, Texas federal court on Friday said the rule was needed to replace improper limitations that the Trump administration had placed on considering environmental, social and corporate governance (ESG) factors in making investment decisions. A coalition of 25 states led by Utah and Texas sued in January, claiming the U.S. Department of Labor rule would imperil the retirement savings of millions of Americans by allowing investments to be made based on political agendas rather than financial considerations.  ( 6 min )

HSBC Global Research analyst Adam Fox-Rumley cut his price targets on AT&T, T-Mobile, and Verizon.  ( 22 min )

Billionaire and Microsoft Corp. Co-Founder Bill Gates continues to make waves with his latest venture into the beer industry. Gates made headlines by acquiring a substantial stake in Heineken Holding NV (OTC:HEINY), a Dutch company worth nearly $1 billion. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families The transaction, which occurred on Feb. 17, involved Gates purchasing 10.8 million shares valued at $939.87 mi  ( 8 min )

Apple shares have reached an all-time high as the tech company prepares to unveil its long-awaited virtual reality headset.  ( 31 min )

Anti-woke entrepreneurs seem to have forgotten the most basic requirement of capitalism: to make a profit.  ( 10 min )

EPAM shares fell to their lowest level in more than a year after the company cut its current quarter and full-year revenue and profit outlook as customers pulled back spending.  ( 16 min )

A renovated Walgreens store in downtown Chicago now only has two aisles of products available for public browsing while the rest is behind counters.  ( 7 min )

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BRY, GNK, EGLE, CALM, and SFL lead peers by forward dividend yield  ( 24 min )

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(Bloomberg) -- The S&P 500 Index is heading toward a bull-market milestone after stocks rallied back from last year’s lows on optimism the Federal Reserve is nearing the finish line of its interest-rate hikes. Most Read from BloombergMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallyOil Rises on Saudi Arabia’s Go-It-Alone July Production CutsOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutUS F-16 Triggers Sonic Boom Pursuing Cessna That CrashedSaudi Shoulders Burden to Support  ( 7 min )

US stocks moved higher Monday, with contracts on the S&P 500 (^GSPC), the Dow Jones Industrial Average (^DJI), and on the Nasdaq Composite (^IXIC) were flat.  ( 8 min )

Canaccord analyst George Gianarikas has an idea for a price reduction that investors would probably love.  ( 22 min )

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Employer-sponsored, tax-deferred retirement plans like 401(k)s and 403(b)s have rules about when you can access your funds. As a general rule, if you withdraw funds before age 59 ½, you'll trigger an IRS tax penalty of 10%. The good news … Continue reading → The post What Is the Rule of 55 and How Does It Work? appeared first on SmartAsset Blog.  ( 9 min )

Before you see a dollar of lottery winnings, the IRS will take 25%. Up to an additional 13% could be withheld in state and local taxes, depending on where you live. Still, you'll probably owe more when taxes are due, … Continue reading → The post How Taxes on Lottery Winnings Work appeared first on SmartAsset Blog.  ( 10 min )

Required minimum distributions (RMDs) are withdrawals you have to make from most retirement plans (excluding Roth IRAs). The age for withdrawing from retirement accounts was increased in 2020 to 72 from 70.5. The SECURE 2.0 Act, though, raised the age for … Continue reading → The post How to Calculate Required Minimum Distribution (RMD) appeared first on SmartAsset Blog.  ( 14 min )

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Strategists led by Michael Wilson said in a note on Monday that they expect earnings to rebound sharply, with a 23% jump next year. Morgan Stanley predicted the index to rebound to 4,200 levels in 2024 while keeping its 2023-end target unchanged at 3,900. A slew of positive news, with expectations of a Fed pivot, persistent improvement in liquidity, and AI-related tailwinds to mega-cap names such as Nvidia Corp, have buoyed indexes so far, Morgan Stanley said.  ( 7 min )

It's time to call out some trends to watch in the stock market before hitting the surf and sand.  ( 10 min )

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Investors are awaiting news from the company's Worldwide Developers Conference, including the expected launch of a mixed-reality headset.  ( 25 min )

The deal for the pump-and-valve maker counts as a relatively large leveraged buyout as financing for such takeovers has become more scarce.  ( 28 min )

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KKR said it will pay $49 a share, sending the shares of Massachusetts-based Circor surging 49% to $47.20 in premarket trading. Circor, which has about 3,100 employees, makes pump and valve systems for sectors including industrial, aerospace, defense, oil and gas. The Wall Street Journal first reported the deal, citing people familiar with the matter.  ( 7 min )

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Newly-profitable Coupang, which serves customers in South Korea and Taiwan, joins the Fortune 500 list at No. 195.  ( 10 min )

The global beer conglomerate finds itself caught up in a distinctly American uproar. But for long-term investors, the Bud Light brouhaha could be a rare buying opportunity.  ( 27 min )

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Tighter lending standards from regional banks are making it harder for U.S. hotel developers to secure funding, slowing construction of new hotels at a time Americans' appetite for travel is ripe. Hotel developers, private equity firms, and general contractors told Reuters the financial stress on regional banks -- the largest lenders to hotels and other commercial real estate markets -- has forced developers to postpone projects or find other creative ways to raise capital. The hotel industry's predicament highlights the impact on the broader U.S. economy of the regional banking crisis, which resulted in the failure of three mid-sized U.S. lenders and prompted a flight in deposits to larger banks.  ( 8 min )

(Bloomberg) -- For the majority of PayPal Holdings Inc. analysts, the only way is up. Trouble is, the stock keeps going down.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutOil Rises on Saudi Arabia’s Go-It-Alone July Production CutsMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallySaudi Shoulders Burden to Support Oil Market With Extra CutsUS-China Handshake Fails to Stem Fears of Conflict in AsiaAbout two thirds of the more than 50 Wall Street firms c  ( 8 min )

Johnson & Johnson's legal settlement with Amgen Inc to delay a biosimilar version of its blockbuster psoriasis treatment Stelara until January 2025 could make the drug a larger contributor to J&J’s 2024 and 2025 sales than Wall Street is forecasting. Stelara, introduced in 2009, has been J&J’s top-selling drug since 2019, with sales reaching $9.7 billion in 2022. Its patents begin to expire this year, opening the door to a cheaper biosimilar entering the market, and raising expectations that the company would need to lower the $13,000 per month price of Stelara.  ( 8 min )

(Bloomberg) -- Apple Inc. is on pace to close at a record high ahead of its most significant product launch event in nearly a decade, after benefiting from a broader rotation back into technology stocks.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutOil Rises on Saudi Arabia’s Go-It-Alone July Production CutsMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallySaudi Shoulders Burden to Support Oil Market With Extra CutsUS-China Handshake Fails to Stem Fea  ( 7 min )

(Bloomberg) -- Canada is staking billions of dollars of public money on an oil industry plan to transform one of the world’s dirtiest crudes into one of the cleanest. But it’s relying on a technology with a checkered track record to prolong the life of a business critics say belongs in the history books.The tar that infuses the sands in Canada’s remote northwest is so sticky the region’s indigenous people traditionally used it to waterproof their canoes. It wasn’t much use for anything else unti  ( 11 min )

(Bloomberg) -- The Federal Reserve’s June meeting is shaping up to be one of the trickiest in its 15-month campaign to tame inflation: Chair Jerome Powell seems intent on skipping an interest-rate increase, while explaining to the public that officials aren’t done yet.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutOil Rises on Saudi Arabia’s Go-It-Alone July Production CutsMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallySaudi Shoulders Burden to Supp  ( 8 min )

↗️ Palo Alto Networks (PANW): The stock will join the S&P 500 benchmark, replacing Dish Network (DISH), the index compiler S&P Dow Jones Indices said. Shares in Palo Alto Networks gained mor  ( 20 min )

Commodity prices are in retreat, signaling a deceleration in the world economy but lending central banks a hand in their fight against inflation.  ( 28 min )

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U.S. futures paused on Monday after stocks tore higher on Friday after the latest jobs report. As investors look ahead to the Federal Reserve’s monetary policy decision next week, services-sector data due in the day ahead are in focus. Futures for the Dow Jones Industrial Average advanced 30 points  ( 27 min )

Crude oil futures opened the trading week higher after Saudi Arabia said that it was cutting production on top of OPEC+ reductions. Most-actively Brent crude oil contracts jumped, and recently stood more than 2.2% higher at $77.84 a barrel. The equivalent contract for the U.S. benchmark, West Texas  ( 20 min )

The shares moving the most today.  ( 22 min )

Our managers were all replaced with coaches, with a ratio of one coach per six employees.  ( 8 min )

U.S. automaker Tesla Inc delivered 77,695 China-made electric vehicles (EVs) in May, data from the China Passenger Car Association (CPCA) showed on Monday. That represented a 2.4% jump from April when Tesla sold 75,842 locally made Models 3 and Y in the world's largest auto market. On a yearly basis, sales rose 142% in May from 32,165 vehicles in the same month of 2022 when Shanghai, where its factory is located, was still subject to COVID-19 containment measures, disrupting production.  ( 6 min )

(Bloomberg) -- European stocks may drop as much as 10% over the next few months.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutOil Rises After Saudis Pledge Million-Barrel Cut at OPEC+ MeetMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallySaudi Shoulders Burden to Support Oil Market With Extra CutsUS-China Handshake Fails to Stem Fears of Conflict in AsiaThat’s the view of Morgan Stanley strategists led by Graham Secker, who expect the MSCI Europe Loca  ( 8 min )

There are some signs of de-dollarisation emerging right now, but the dollar should retain its "large footprint" for the foreseeable future, JPMorgan currency strategists said in a note on Monday. "Putting together various measures, overall USD usage remains within its historical range with the dollar at top of the pack, but usage is bifurcated under the hood," strategists Meera Chandan and Octavia Popescu at the Wall Street bank wrote. "De-dollarisation is evident in FX reserves where (the dollar's) share has declined to a record as share in exports declined, but is still emerging in commodities," the strategists said.  ( 6 min )

At just over $71 a barrel, WTI crude remains above a key “support” level in the high-sixties.  ( 22 min )

Asian stocks followed Wall Street higher on Monday after strong U.S. hiring data suggested a possible recession might be further away, while smaller wage gains stoked hopes inflationary pressures are weakening. Shanghai, Hong Kong and Seoul also rose. Wall Street's benchmark S&P 500 index leaped 1.5% on Friday, putting it on the verge of entering what traders call a “bull market” after rising nearly 20% in seven months.  ( 8 min )

The Danish company said it had entered into exclusive negotiations with Bio Jag, Biocorp's main shareholder, for the purchase of its over 45% stake in the French company at a price of 35.0 euros ($37.44) per share in cash. The price represents a premium of 19.5% over Biocorp's closing market price on June 2 and the transaction values Biocorp at about 154 million euros, the companies said. Certain minority shareholders, representing 19.0% of the share capital of Biocorp, will also transfer shares to Novo Nordisk and the transaction will be followed by a squeeze-out procedure.  ( 7 min )

U.S. regulators are preparing to tighten rules for large banks, which could raise their capital requirements by 20% on average, the Wall Street Journal reported on Monday, to boost the financial system's resilience after a spate of midsize bank failures this year. Regulators are on track to propose the changes as early as this month, the WSJ reported, citing people familiar with the matter. Last month, the U.S. Federal Reserve's top regulatory official told Congress that the central bank would likely unveil its plan to ratchet up capital rules for banks this summer and ensure supervisors more aggressively police lenders following the bank failures.  ( 6 min )

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The dollar firmed against major peers in Asian trading after a robust U.S. jobs report spurred traders to price in higher interest rates for longer. The Australian dollar erased early losses after a report showed a pick-up in services activity in key trading partner China. The Canadian dollar proved resilient, buoyed by a spike in crude oil prices.  ( 7 min )

A global shortfall in crude oil supply is set to deepen in the third quarter as the world's top exporter Saudi Arabia pledged extra output cuts from July in a move likely to push Brent towards $100 a barrel by the end of the year, analysts said. Oil prices jumped more than $1 a barrel on Monday as the Saudi energy ministry said on Sunday its output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May, the kingdom's biggest reduction in years. The voluntary cut pledged by Saudi is on top of a broader deal by the Organization of the Petroleum Exporting Countries and their allies including Russia to extend production cuts into 2024 as the group seeks to boost flagging oil prices.  ( 8 min )

US stocks closed lower Wednesday as investors kept a watchful eye on the prospects for the debt-limit deal in an expected House floor vote later. Meanwhile, strong US jobs data and China’s economic woes pressured global markets.  ( 9 min )

(Bloomberg) -- Morgan Stanley anticipates a sudden pullback in corporate earnings will slam the brakes on a US equity rally, a call at odds with Wall Street estimates. Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutUS-China Handshake Fails to Stem Asia’s Fear of Another UkraineOil Surges After Saudis Pledge Million-Barrel Cut at OPEC+ MeetQatar Airways Plans for Future Without First Class on Long-HaulAmazon Is in Talks to Offer Free Mobile Service to US Prime Membe  ( 7 min )

Asian shares extended a global rally on Monday on optimism the Federal Reserve would pause its rate hikes this month after a mixed U.S. jobs report, while oil jumped as Saudi Arabia pledged big output cuts in July. Brent oil jumped $1.82, or 2.4%, to $77.95 a barrel, while U.S. crude climbed $1.77, or 2.4%, to $73.51. Oil prices have recently come under pressure amid heightened concerns about China's slowing economic recovery.  ( 8 min )

(Bloomberg) -- Asian stocks were poised to climb Monday after the S&P 500 rose to the cusp of a bull market amid strengthening bets for a Federal Reserve rate pause this month. Oil rallied on a supply cut from Saudi Arabia.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutMystery Trader’s Debt-Ceiling Windfall Sparks Insider ConcernsQatar Airways Plans for Future Without First Class on Long-HaulAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersUS-Chin  ( 8 min )

(Bloomberg) -- Saudi Arabia said it will make an extra 1 million barrel-a-day production cut in July, taking its production to the lowest level for several years after a plunge in crude prices.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutMystery Trader’s Debt-Ceiling Windfall Sparks Insider ConcernsQatar Airways Plans for Future Without First Class on Long-HaulAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersUS-China Handshake Fails to Stem Asia  ( 9 min )

(Bloomberg) -- Financial professionals have a warning for their employers: Don't ask me to come in to the office more often, or I’ll quit.Most Read from BloombergMystery Trader’s Debt-Ceiling Windfall Sparks Insider ConcernsOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutUS-China Handshake Fails to Stem Asia’s Fear of Another UkraineQatar Airways Plans for Future Without First Class on Long-HaulOil Surges After Saudis Pledge Million-Barrel Cut at OPEC+ MeetThat's according to the latest Ma  ( 9 min )

GM said it plans to invest more than $1 billion on manufacturing new heavy-duty ICE pickups.  ( 1 min )

EPAM shares fell to their lowest level in more than a year after the company cut its current quarter and full-year revenue and profit outlook as customers pulled back spending.  ( 1 min )

Na een koel en fris voorjaar genieten Nederlanders momenteel massaal van de zon. Alleen is dat lekkere weer minder goed voor je gazon. Hoe zorg je er ondanks de droogte voor dat jouw gras groener is dan bij de buren?  ( 6 min )

Het nieuwe besturingssysteem voor de iPhone, iOS 17, is een relatief kleine update ten opzichte van iOS 16. Wel komt er een gloednieuwe dagboekapp en wordt een nieuwe stand-bymodus toegevoegd. Ook presenteerde Apple vernieuwingen voor Macs.  ( 4 min )

De Europese gasprijs is maandag voor het eerst sinds maart tot 20 procent gestegen. Dat komt voornamelijk doordat steeds meer Aziatische landen proberen vloeibaar gemaakt aardgas (lng) te bemachtigen. De markt voor lng wordt daardoor krapper.  ( 3 min )

Hooikoortspatiënten bestellen de laatste weken massaal pillen, sprays en druppels. De verkopen zijn veel hoger dan gebruikelijk in deze tijd van het jaar. Dat merkt A.S. Watson, het bedrijf achter drogisterijketens Trekpleister en Kruidvat.  ( 3 min )

VDL Groep, die ook eigenaar is van VDL Nedcar, gaat aluminium fietsframes maken. Het daarvoor opgerichte VDL Bike Frame strijkt neer in Breda.  ( 2 min )

Bingoal heeft van de Kansspelautoriteit een boete van 400.000 euro gekregen. Het sportgokbedrijf richtte zich in een reclame op jongvolwassenen in de leeftijd van 18 tot 24 jaar. Dat is verboden.  ( 3 min )

Supermarktconcern Jumbo gaat terug naar de kern. Waar in het verleden een product werd toegevoegd als een klant erom vroeg, houdt de keten het assortiment nu kritisch tegen het licht.  ( 3 min )

Het blijft voor Oekraïne waarschijnlijk verboden om graan te verkopen in vijf Oost-Europese landen. De landen vrezen voor concurrentie van het goedkopere Oekraïense graan en dwongen vorige maand al een tijdelijk verbod af, dat maandag afloopt. Een verlenging tot september is in de maak.  ( 3 min )

Het rommelt bij streamingdienst Viaplay. Topman Anders Jensen vertrekt bij het bedrijf vanwege tegenvallende resultaten. Het videoplatform, dat onder meer de Formule 1-races van Max Verstappen uitzendt, heeft zijn financiële verwachtingen inmiddels naar beneden bijgesteld.  ( 3 min )

Niet eerder is er zoveel energie opgewekt met zonnepanelen als in de maand mei. Het is ook voor het eerst dat deze hernieuwbare bron meer energie opleverde dan biomassa, zo blijkt uit cijfers van Energieopwek.nl.  ( 3 min )

Het rommelt bij streamingdienst Viaplay. Topman Anders Jensen vertrekt bij het bedrijf vanwege tegenvallende resultaten. Het videoplatform, dat onder meer de Formule 1-races van Max Verstappen uitzendt, heeft zijn financiële verwachtingen inmiddels naar beneden bijgesteld.  ( 3 min )

UBS rondt de overname van branchegenoot Credit Suisse naar verwachting op 12 juni af. Daarmee ontstaat een Zwitserse bankenreus met een balanswaarde van 1,6 biljoen dollar (1,7 biljoen euro).  ( 3 min )

De langlopende hypotheekrentes zijn in 2023 nauwelijks veranderd, ziet De Hypotheker. Ook maakt het nauwelijks meer uit of je de rente vastzet voor tien, twintig of dertig jaar.  ( 3 min )

Vermogende reizigers die vliegen met Qatar Airways kunnen binnenkort niet langer een dutje doen in een van de luxueuze ligstoelen in de eersteklas. De luchtvaartmaatschappij gaat die namelijk schrappen in de volgende generatie langeafstandsvliegtuigen.  ( 3 min )

Drie kwart van de Nederlandse ondernemers zegt hogere kosten niet of slechts voor een deel te kunnen doorberekenen aan de klant. Dat komt vooral doordat ze bang zijn om klanten kwijt te raken aan de concurrentie. Bovendien zijn prijzen vaak vastgelegd in afspraken met klanten, meldt statistiekbureau CBS.  ( 3 min )

Zo'n 5 procent van de bedrijven in Nederland dreigt door schulden in de knel te raken. Het gaat om vijfduizend tot tienduizend ondernemingen. Onder meer in de horeca vrezen veel ondernemers dat ze niet meer aan hun betalingsverplichtingen kunnen voldoen.  ( 3 min )

In steeds meer sectoren kunnen we met vervroegd pensioen. Dat betekent dat iemand met een zwaar beroep bijvoorbeeld drie jaar eerder kan stoppen met werken, maar daar wordt nauwelijks gebruik van gemaakt.  ( 5 min )

U.S. equities were mixed at midday on Monday, June 5, 2023, with Apple helping to boost the tech sector.  ( 1 min )

Oil futures rose after Saudi Arabia announced it would reduce crude output by an additional 1 million barrels per day beginning in July.  ( 1 min )

Saudi Arabia will cut oil production by 1 million barrels this summer and Apple prepares to release its new VR headset. Here’s what investors need to know today.  ( 1 min )

Understand how to leverage the principal residence exclusion to reduce or eliminate paying capital gains tax.  ( 20 min )

The tax implications of opening a foreign bank account are complicated, as the IRS is hostile to U.S. citizens holding such accounts.  ( 23 min )

The Kelley School of Business is the business school of Indiana University. It offers programs in finance, accounting, marketing, and management.  ( 19 min )

The acid-test ratio is a strong indicator of whether a firm has sufficient short-term assets to cover its immediate liabilities.  ( 25 min )

Electronic statements should be accessible for as long as you'll need them. If you get paper statements, keep them for at least a year and then shred them.  ( 22 min )

Some homeowners can still qualify for a tax deduction on home equity loan interest thanks to a loophole, but only if they meet certain criteria.  ( 23 min )

Bad debt is an expense that a business incurs once the repayment of credit previously extended to a customer is estimated to be uncollectible.  ( 24 min )

Green economic theories encompass a wide range of ideas, all dealing with the interconnected relationship between people and the environment.  ( 23 min )

TRY is the abbreviation for the domestic currency used in the Turkish Republic of Northern Cyprus as well as in Turkey.  ( 18 min )

After-tax basis is used to compare the net after-tax returns on taxable and tax-exempt bonds to gauge which had a higher yield.  ( 18 min )

Improved gas mileage is good for your wallet, good for your car, and good for the environment. Here's how to achieve it.  ( 21 min )

A collection agency is a company used by lenders to recover funds that are past due or from accounts that are in default.  ( 21 min )

Coincheck is a Tokyo-based cryptocurrency exchange and digital wallet founded in 2012.  ( 22 min )

If you're changing jobs you may have the option to roll over your 401(k) into a plan. Learn more about how to transfer a 401(k) to new job.  ( 24 min )

Budget Control Act is a 2011 federal statute to increase the United States' debt ceiling, thereby avoiding the risk of sovereign debt default.  ( 22 min )

Valuing a company is a difficult task, regardless of the size of the business—but here are some methods that can help.  ( 28 min )

Insider trading is using material non-public information to trade stocks and is illegal unless that information is public or not material.  ( 26 min )

Determining stop-loss is about targeting an allowable risk threshold and should be strategically derived with the intention of limiting loss.  ( 21 min )

A bought deal is a securities offering in which an investment bank commits to buy the entire offering from the client company.  ( 19 min )

A relativity trap is a psychological or behavioral bias that leads people to make irrational choices with their spending decisions.  ( 23 min )

Learn about the just in time (JIT) production strategy and how the precise coordination and timing it requires can end up costing a business money.  ( 19 min )

Shares are a unit of ownership of a company that may be purchased by an investor.  ( 23 min )

Which entertainment sector is more profitable: movies or TV? Let’s take a look. You might be surprised by the results.  ( 19 min )

A transportation bond is a fixed-income security issued by a municipality to fund infrastructure needs related to public transportation.  ( 19 min )

Modified accrual accounting is a bookkeeping method commonly used by government agencies that combines accrual basis accounting with cash basis accounting.  ( 19 min )

An amendment is a change or addition to the terms of a contract agreement, government document, or law.  ( 19 min )

Learn the differences between margin calls and fed margin calls while reviewing the definitions of each and how to satisfy each call.  ( 20 min )

Marginal cost is the change in total cost that comes from making or producing one additional item.  ( 28 min )

The world’s richest people saw the biggest decline in wealth in more than a decade in 2022, with high net worth individuals losing $3 trillion collectively.  ( 17 min )

Austerity is defined as a state of reduced spending and increased frugality.  ( 25 min )

The SEC has always pursued insider trading as a key element of its activities. Here are a few of the most notable cases throughout the years.  ( 24 min )

Safe deposit boxes can keep certain valuables safe, but don't use one for anything you’ll need easy access to. Learn what you should, and should not, put in a safety box.  ( 25 min )

It can be difficult to send large sums of money abroad. Learn more about the top five safest ways to send and receive large sums of money internationally.  ( 22 min )

A chargeback is a charge that is returned to a payment card after a customer successfully disputes an item on their account transactions report. Learn more.  ( 21 min )

Hyperinflation describes rapid and out-of-control price increases in an economy. Learn the causes of hyperinflation and how it can impact everyday consumers.  ( 27 min )

Proof of funds (POF) refers to a document that demonstrates a person or entity has the ability and funds available for a specific transaction.  ( 22 min )

Lockbox banking is a service provided by banks to companies for the receipt of payment from customers.  ( 22 min )

Oil prices jumped more than $2 a barrel in early Asian trade on Monday, hours after the world's top exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July. Brent crude futures was at $78.42 a barrel, up $2.29, or 3%, at 2219 GMT after earlier hitting a session-high of $78.73 a barrel. Saudi Arabia's output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May, the biggest reduction in years, its energy ministry said in a statement.  ( 7 min )

Oil prices jumped more than $2 a barrel in early Asian trade on Monday, hours after the world's top exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July. Brent crude futures was at $78.42 a barrel, up $2.29, or 3%, at 2219 GMT after earlier hitting a session-high of $78.73 a barrel. Saudi Arabia's output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May, the biggest reduction in years, its energy ministry said in a statement.  ( 6 min )

(Bloomberg) -- President Joe Biden’s signature of legislation suspending the federal debt ceiling has given the Treasury Department the green light to resume net new debt issuance after months of disruption.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutMystery Trader’s Debt-Ceiling Windfall Sparks Insider ConcernsQatar Airways Plans for Future Without First Class on Long-HaulAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersUS-China Handshake Fail  ( 7 min )

The biggest news this week has been Elon Musk’s visit to China, a move that has the potential to strengthen Tesla’s ties with the world’s largest auto market. It’s Musk’s first visit since the COVID-19 pandemic, and his commitment to China isn’t surprising given how much China’s vehicle sales carry the automaker’s global sales. In Q1, China accounted for over half of Tesla’s deliveries.  ( 12 min )

"It’s going to take time to adjust back to being in the office more," a spokesman said after a walkout this week.  ( 9 min )

Earnings reports from Gitlab, Ciena, J.M. Smucker, Brown-Forman, Campbell Soup, GameStop, DocuSign, Vail Resorts, and NIO. Plus, services PMI and durable goods.  ( 23 min )

Saudi Arabia has announced plans to cut its oil production by 1 million barrels per day (bpd) as the Kingdom pledged to do “whatever is necessary” to prop up sagging prices.  ( 8 min )

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Executives aim to sell the shares for between $17 and $19 apiece. The high end of that range would value Cava at around $2.2 billion.  ( 29 min )

Homeowners say they are getting bills and foreclosure threats on second mortgages they thought were taken care of long ago.  ( 23 min )

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Todd, who has anchored the Sunday program since 2014, will step down in September.  ( 28 min )

Doubling up retirement plans adds some complexity, but it could be worth it.  ( 27 min )

Airbus is closing in on a potentially record deal to sell 500 narrowbody A320-family jets to India's largest carrier, Indigo, industry sources said on Sunday. The European planemaker has emerged as front-runner for an order eclipsing Air India's historic provisional purchase of 470 jets in February, the sources said on the sidelines of an airline industry meeting in Istanbul. Airbus and Boeing are also competing in talks to sell 25 wide-body jets to the same airline, they said.  ( 6 min )

While retirement may be associated with leaving the workforce behind, most Americans plan to work past the age of 65. In fact, a 2022 study from the Transamerica Center for Retirement Studies found that around 57% of workers plan to … Continue reading → The post Best Work-from-Home Opportunities for Retirees appeared first on SmartAsset Blog.  ( 10 min )

Certificates of deposits are some of the safest investments you can make. They are not dependent on the stock market, they are protected by deposit insurance and they have clear terms that you understand going in. A bump-up CD, also … Continue reading → The post What Is a Bump-Up CD and How Is it Used to Increase Your APY? appeared first on SmartAsset Blog.  ( 8 min )

With first quarter earnings season largely done, investors will now shift focus to the Fed's next meeting and how policy updates could impact the AI-driven rally in stocks.  ( 10 min )

Retiring when you're in your 60s or younger is the goal for every worker. But can you retire comfortably at the age of 65 with $1 million? For some people, yes. But the true answer is that there is no … Continue reading → The post Can I Retire at 65 With $1 Million? appeared first on SmartAsset Blog.  ( 10 min )

It's often said that a million dollars isn't as much as it used to be – but how about $2 million? A retirement fund of that amount can provide $80,000 in annual income - without even touching the principal. While … Continue reading → The post Is $2 Million Enough to Retire on at 55? appeared first on SmartAsset Blog.  ( 11 min )

Changes to federal law governing retirement savings plans allow employers to make matching contributions to employees' 401(k) accounts using after-tax dollars as with a Roth 401(k). Employees get to choose whether contributions will be made after-tax or pretax. However, the … Continue reading → The post How Roth 401(k) Matching Works With Your Employer appeared first on SmartAsset Blog.  ( 8 min )

An annual income of $250,000 won't put you in the top 1% of earners, but it will get you close to it. That's because only 7% of households in the United States earn $250,000 per year1. How far that income … Continue reading → The post Where High Earners Lose The Most To Taxes and Cost of Living - 2023 Study appeared first on SmartAsset Blog.  ( 10 min )

Volkswagen is the latest carmaker to invest in securing its own supplies for building batteries—and capturing more profits.  ( 29 min )

A record share of first-time buyers are taking out mortgages with terms of 35 years or more as soaring costs force more Britons to sign up to a lifetime of debt.  ( 7 min )

California State Teachers’ Retirement System, the second-largest U.S. pension, didn’t budge on first-quarter stock losers Nikola, Bed Bath & Beyond, KeyCorp, and Zions.  ( 23 min )

German car makers are ramping up pressure on Brussels to avoid a post-Brexit “cliff edge” for the auto industry as officials in Whitehall race to strike a deal.  ( 9 min )

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Retailers are seeing strong growth in China after years of pandemic restrictions. The recovery is tenuous, analysts say.  ( 22 min )

New actively managed funds are giving investors broader exposure to artificial intelligence development.  ( 27 min )

OPEC and its allies will meet on Sunday to debate a new deal possibly adjusting countries' output quotas and a further cut in production, sources told Reuters, as the group faces flagging oil prices and a looming supply glut. OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies led by Russia, pumps around 40% of the world's crude, meaning its policy decisions can have a major impact on oil prices. Three sources familiar with OPEC+ discussions have told Reuters that additional production cuts were being discussed among options for Sunday's session.  ( 7 min )

There are 23 biotechs with negative enterprise values in the XBI and the iShares Biotechnology ETFs.  ( 22 min )

The major oil-producing countries led by Saudi Arabia and Russia are wrestling with whether to make another cut in supply to the global economy as the OPEC+ alliance struggles to prop up sagging oil prices that have been a boon to U.S. drivers and helped ease inflation worldwide. The 23-member group is meeting Sunday at OPEC headquarters in Vienna after sending mixed signals about possible moves. Saudi Arabia, dominant among the oil cartel's members, has warned speculators that they might get burned by betting on lower prices.  ( 9 min )

Roughly 80 miles west of the Shetland Islands, on the edges of the North Atlantic, the biggest undeveloped oil field in UK waters sits deep beneath the waves.  ( 10 min )

(Bloomberg) -- Investors who took out long positions in the euro could be in for some respite, even as a shaky outlook for the economy continues to stalk the common currency.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersQatar Airways Plans for Future Without First Class on Long-HaulUS Chides China Over Defense Talks as Navy Sails by TaiwanRich Latin Americans Transform Laid-Back Madrid Into a New MiamiTaylor Swift Argentina Tickets Are a Bargain With  ( 9 min )

Higher mortgage rates stopped both home buyers and sellers in their tracks in the spring, putting an end to the pandemic home-buying boom. Summer might not be better.  ( 22 min )

(Bloomberg) -- OPEC+ ministers meet on Sunday to hash out a deal on oil production after a last-minute fight with African members threatened to derail the gathering.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersQatar Airways Plans for Future Without First Class on Long-HaulUS Chides China Over Defense Talks as Navy Sails by TaiwanRich Latin Americans Transform Laid-Back Madrid Into a New MiamiTaylor Swift Argentina Tickets Are a Bargain With Inflation  ( 8 min )

Former British tech champion THG is facing a shareholder revolt at its investor meeting that risks deepening chief Matthew Moulding’s dislike of the London market.  ( 7 min )

OPEC and its allies meet Sunday in Vienna to decide on an output plan.  ( 29 min )

Hedge funds and other speculative investors have built up a big bet that the S&P 500 will decline, marking their most bearish positioning since 2007.  ( 27 min )

Driekwart van de Nederlandse ondernemers zegt hogere kosten niet of slechts voor een deel te kunnen doorberekenen aan klanten. Dat komt vooral omdat ze bang zijn om klanten kwijt te raken aan de concurrentie. Ook zijn prijzen vaak vastgelegd in afspraken met klanten, meldt statistiekbureau CBS.  ( 4 min )

Afrikaanse leden van oliekartel OPEC+ worden steeds meer onder druk gezet om de ruimte binnen hun doelstellingen voor olieproductie op te geven. Die ruimte willen de Verenigde Arabische Emiraten (VAE) graag gebruiken om zelf meer te kunnen produceren. Vooral Angola en Nigeria halen hun doelstellingen niet.  ( 3 min )

Egypte heeft drie sleepboten ingezet om een olietanker met motorpech in het Suezkanaal weg te slepen. Die tanker stremt het verkeer in de kortste scheepvaartroute tussen Azië en Europa.  ( 3 min )

Vermogende reizigers die vliegen met Qatar Airways kunnen binnenkort niet langer een dutje doen in een van de luxueuze ligstoelen in de eersteklas. De luchtvaartmaatschappij gaat die namelijk schrappen in de volgende generatie langeafstandsvliegtuigen.  ( 3 min )

Voor Apple-fans is het lange wachten eindelijk voorbij: maandag lanceert de techreus naar alle waarschijnlijkheid na vele jaren weer een belangrijk nieuw product. Apple komt op zijn jaarlijkse ontwikkelaarsconferentie WWDC volgens vele geruchten met een eigen virtualreality-bril (VR).  ( 4 min )

De Duitse zeepmaker Henkel, bekend van merken als Pritt en Persil, heeft de mogelijkheid om zijn activiteiten in Rusland binnen nu en tien jaar terug te kopen. Voorwaarde is wel dat de omstandigheden in en de relatie met dat land "fundamenteel" veranderen.  ( 3 min )

Steeds meer Nederlanders hebben zonnepanelen op het dak liggen. Maar wanneer produceren deze panelen nou de meeste stroom?  ( 3 min )

We krijgen deze zomer meer dollars, kronen, lira’s en Antilliaanse guldens voor een euro. De waarde van onze munt bij een wisselkantoor zit in de lift. Dat kan interessant zijn richting het vakantieseizoen. Maar je reis wordt er niet altijd goedkoper van.  ( 6 min )

Als de Eerste Kamer dinsdag met de herinvoering van de basisbeurs instemt, krijgen studenten vanaf september weer maandelijks een bedrag dat na hun opleiding een gift wordt. Dat is een opluchting voor veel studenten, al is het wetsvoorstel volgens velen verre van perfect.  ( 5 min )

A vostro account is an important part of correspondent banking in which a foreign bank provides financial services on behalf of a domestic bank.  ( 22 min )

The secured overnight financing rate (SOFR) is a benchmark interest rate for dollar-denominated derivatives and loans that replaced LIBOR.  ( 22 min )

Strengthen your marriage by understanding and dealing with these six major financial stressors.  ( 30 min )

You can take funds from your retirement account for immediate and pressing financial needs. But you'll pay a price for doing so.  ( 23 min )

A crossed check is a check that has been crossed with two parallel lines, either across the whole check or through the top left-hand corner of the check.  ( 21 min )

The Basic Attention Token (BAT) fuels the Brave browser, which aims to revolutionize digital advertising through blockchain technology.  ( 21 min )

Craig Wright claims to be Satoshi Nakamoto, the mysterious inventor of Bitcoin. But his claim is riddled with holes.  ( 24 min )

The debt limit crisis is over. For now, at least, as President Joe Biden signed a bill Saturday suspending the nation’s self-imposed borrowing limit until January 2025.  ( 17 min )

The empirical rule is a statistical theory stating that 99.7% of normally distributed data will fall within three standard deviations from the dataset's mean.  ( 26 min )

Tezos (XTZ) is a decentralized blockchain network with an associated cryptocurrency token and a colorful history.  ( 22 min )

The Ethereum blockchain transitioned to proof-of-stake in September 2022. The upgrade also set the stage for the blockchain's future.  ( 22 min )

Fee-only financial advisors get paid for their services, not by commission. Learn why that matters and why you may still want to hire one.  ( 28 min )

The world’s billionaire population fell by 3.5% in the latest year, with tech, healthcare, and real estate fortunes particularly vulnerable.  ( 18 min )

Kanye West has a net worth of $400 million as of 2023, according to Forbes. West’s net worth dropped from $2 billion after Adidas and other companies cut ties with the rapper in 2022 after antisemitic comments and offensive behavior.  ( 18 min )

Sophisticated borrowers may consider one of these interest-only loans to keep their initial mortgage payments low, but should understand the risks first.  ( 26 min )

An irrevocable letter of credit is a bank guarantee for payment by the party requesting the letter. It cannot be revoked.  ( 28 min )

Normal or bell curve distribution can be used in portfolio theory to help portfolio managers maximize return and minimize risk.  ( 24 min )

Investment management is just one part of a financial advisor's role.  ( 25 min )

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(Bloomberg) -- For over a year, bond traders been whipsawed by uncertainty about how high the Federal Reserve will push interest rates. Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersTrillion-Dollar Treasury Vacuum Coming for Wall Street RallyRich Latin Americans Transform Laid-Back Madrid Into a New MiamiChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthUS Chides China Over Defense Talks as Navy Sails by TaiwanBut that’s now giving way to a gro  ( 8 min )

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Some lawmakers are seeking legislation or action by President Biden to avoid the recurring high-stakes standoffs on Capitol Hill.  ( 30 min )

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"For new home buyers, this is the worst situation since the end of the Great Recession."  ( 6 min )

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The industry's top banker knows he can't be the boss "forever." How much longer will he stay, and who would replace him?  ( 11 min )

(Bloomberg) -- With a debt ceiling deal freshly inked, the US Treasury is about to unleash a tsunami of new bonds to quickly refill its coffers. This will be yet another drain on dwindling liquidity as bank deposits are raided to pay for it — and Wall Street is warning that markets aren’t ready.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthRich Latin Americans Transform Laid-Back Madrid Into a N  ( 9 min )

Money held in popular apps like Venmo, PayPal, and CashApp are more vulnerable to financial uncertainty because they may not offer federal deposit insurance through the FDIC or NCUA.  ( 8 min )

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President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) reached a tentative agreement to raise the U.S. debt ceiling over the weekend, allowing a ray of hope to peek through the fiscal cloud that had been hanging over D.C. This … Continue reading → The post What the Tentative Debt Ceiling Deal Means For You appeared first on SmartAsset Blog.  ( 7 min )

Eight million is the sobering figure economists urge you to remember. If the U.S. were to default on its debt, the repercussions would be large: a staggering loss of more than 8 million jobs, accompanied by a protracted recession that could … Continue reading → The post Investor Panic: Potential Consequences of a U.S. Debt Default Revealed appeared first on SmartAsset Blog.  ( 12 min )

Dividends are payments that some companies make to shareholders to reward them for investing in them. Dividends can provide regular, predictable income to investors who also preserve the chance of profiting from price appreciation. Dividends can qualify for advantageous capital … Continue reading → The post How Do I Avoid Paying Tax on Dividends? appeared first on SmartAsset Blog.  ( 8 min )

How long will $300,000 last in retirement? The answer to that depends on a variety of things: your lifestyle, your lifespan, your investments and any other income you have, to start. Let's break down whether $300,000 is enough for your … Continue reading → The post How Long Will $300,000 Last in Retirement? appeared first on SmartAsset Blog.  ( 9 min )

A 401(k) is an employer-sponsored, tax-advantaged retirement plan. You fund this account by contributing a set percentage of your paycheck into the account. One of the biggest perks of a 401(k) plan is that employers have the option to match your … Continue reading → The post How the Employer Match Works With the 401(k) Limit appeared first on SmartAsset Blog.  ( 9 min )

Now might be a good time to buy. That's the takeaway from a recent Morningstar analysis, which reported in on a seeming contradiction in stock prices. The market as a whole, Morningstar writes, is expensive. But those prices are a bargain … Continue reading → The post Looking for Bargain Stocks? Morningstar Says These Are Cheap appeared first on SmartAsset Blog.  ( 10 min )

Retiring before you're 50 may sound like a pipe dream, but a nest egg of $2 million can make this a reality. The question is, how can you save that amount in only about two decades? Depending on your circumstances, … Continue reading → The post How to Retire at 45 With $2 Million appeared first on SmartAsset Blog.  ( 11 min )

It may seem like an odd notion, but it is possible to save too much money. You may have financial habits that allow you to sock away tons of money but cause your current quality of life to deteriorate. As … Continue reading → The post Am I Saving Too Much for Retirement? appeared first on SmartAsset Blog.  ( 9 min )

To some people, $3 million will sound like a lot. You probably think $3 million is enough to retire if you're among that crowd. But retiring with $3 million at 65 can last depending on your longevity, lifestyle and other … Continue reading → The post Is $3 Million Enough to Retire at 65? appeared first on SmartAsset Blog.  ( 8 min )

A Roth individual retirement account (IRA) can be a helpful tool for retirement planning. These tax-advantaged accounts offer a way to save money in addition to what you might be contributing to a 401(k) or similar workplace plan. And if … Continue reading → The post Roth IRA Income Limits for 2023 appeared first on SmartAsset Blog.  ( 10 min )

Taking money out of a 401(k) is a big decision. The specifics of how to take money out of a 401(k) plan depend on your age, employer plan, whether you're still working for the company that sponsors your 401(k) plan … Continue reading → The post How to Take Money Out of a 401(k) Plan appeared first on SmartAsset Blog.  ( 9 min )

With all the attention on ChatGPT, here is how to choose an AI fund. They’re not all alike.  ( 28 min )

If you haven’t gone to therapy yet, here’s your sign: Addressing your childhood trauma could be critical for your career.  ( 9 min )

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Employment is soaring yet output is falling, by one measure. Blame a historic slump in productivity.  ( 27 min )

In the last decade between 2012 and 2022, the median job tenure has dropped from 4.6 years to 4.1 years.  ( 9 min )

If you're buying a Tesla Model 3 in the US, you can now get the maximum possible federal tax credit of $7,500 no matter what make you're getting.  ( 6 min )

If you want to use tax losses from individual equities or mutual funds to offset gains elsewhere, it is key to use an accounting system that allows you to specify which shares can be sold.  ( 22 min )

The chip giant says its Arizona hiring is on schedule, but recruiters say the company is a hard sell.  ( 14 min )

As the world’s biggest oil producers gather to decide on a production plan, the spotlight is on Prince Abdulaziz bin Salman’s fixation on traders whose bets can cause crude prices to fall.  ( 29 min )

(Bloomberg) -- Roiled by rising borrowing costs and falling valuations that wiped out $148 billion of shareholder value, European landlords are bracing for a new wave of pain. Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthRich Latin Americans Transform Laid-Back Madrid Into a New MiamiHedge Funds at War for Top Traders Dangle $120 Million PayoutsInside the Making of Redfall, Xbox’s Latest Misfir  ( 9 min )

Whitney rose to prominence as an Oppenheimer analyst and went on to a career in startups. Now she's ready for a new chapter.  ( 22 min )

It is more than a century since the first jobless benefits were paid in Britain, when David Lloyd George’s Liberal government introduced unemployment insurance through the National Insurance Act of 1911.  ( 12 min )

Markets cheered the end of the debt ceiling showdown as the Senate sent the bill to raise the US borrowing limit to President Biden's desk.  ( 7 min )

Deposits rose recently at Ally, Goldman Sachs’s Marcus and Capital One, banks that either don’t have branch networks or have far fewer branches than peers.  ( 28 min )

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Bouwbedrijf Heijmans heeft zaterdag het predicaat koninklijk gekregen. De bouwer uit Rosmalen bestaat honderd jaar en krijgt bij dat jubileum de royale titel uitgereikt. Shell en DSM verloren onlangs nog hun kroon. Hoe zit het met het predicaat koninklijk?  ( 5 min )

De Amerikaanse president Joe Biden heeft zaterdag zijn handtekening gezet onder het wetsvoorstel dat de verhoging van het schuldenplafond regelt. Daarmee is voorkomen dat de VS zijn financiële verplichtingen niet meer kan nakomen.  ( 4 min )

Ga je deze zomer buiten Europa op vakantie, denk dan goed na over het gebruik van je smartphone. Met een beetje pech verbruik je in enkele seconden voor tientallen euro's aan mobiel dataverkeer. Gelukkig zijn er manieren om te voorkomen dat je thuis een dikke telefoonrekening op de mat vindt.  ( 5 min )

De Amerikaanse president Joe Biden ondertekent mogelijk zaterdag al het wetsvoorstel dat de verhoging van het schuldenplafond regelt, laat een regeringswoordvoerder weten.  ( 4 min )

Er zijn vijfhonderd e-mailadressen van gepensioneerden bij pensioenfonds ABP gelekt. Het lek kwam tot stand door een "menselijke fout" bij het verzenden van een e-mail, zegt een woordvoerder van ABP.  ( 2 min )

Zon, zee en strand blijven voor veel Nederlanders populaire ingrediënten voor hun zomervakantie. Tegelijkertijd zitten actieve vakanties naar noordelijker landen in de lift, ziet een aantal bedrijven uit de reisbranche.  ( 4 min )

Zon, zee en strand blijven voor veel Nederlanders populaire ingrediënten voor hun zomervakantie. Tegelijkertijd zitten actieve vakanties naar noordelijker landen in de lift, ziet een aantal bedrijven uit de reisbranche.  ( 4 min )

Voor Eerste Kamerleden bestaat geen vacaturesite. Ze worden gekozen door de leden van de Provinciale Staten, die op hun beurt weer zijn gekozen door ons. De 75 nieuwe Eerste Kamerleden blijven in principe vier jaar aan.  ( 5 min )

The Dow moved up by more than 700 points after the Labor Department's stronger-than-expected jobs report.  ( 1 min )

It's possible that Saudi Arabia brings a more assertive stance to the table when OPEC+ holds its meeting on Sunday.  ( 8 min )

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All new Tesla Model 3 vehicles will now qualify for the full $7,500 federal EV tax credit, according to a change in Tesla's website. The EV tax credits were mandated by Congress last August as part of the Inflation Reduction Act, with the goal of ending U.S. reliance on China for batteries. The full $7,500 tax credit is broken into two parts.  ( 6 min )

Changes in the Federal Reserve’s balance sheet, the Treasury’s cash balances, bank reserves, and other factors will probably affect equities.  ( 22 min )

Company said it removed certain produced content from its DTC segment on May 26.  ( 27 min )

Regulators don't have a clear view into the huge world of nonbank finance, or 'shadow banking.' Barron's peers into this opaque world.  ( 75 min )

LS Power purchased 5.9 million shares in EVgo’s recent stock offering. EVgo Chairman David Nanus is on LS Power’s management committee.  ( 22 min )

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Two of the banking industry's top executives discussed the slowdown they expect to see this year on Wall Street.  ( 8 min )

(Bloomberg) -- The relentless rally in big tech, options positioning and bets on a Federal Reserve pause following a mixed jobs report put stocks on the verge of a bull market.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthRich Latin Americans Transform Laid-Back Madrid Into a New MiamiInside the Making of Redfall, Xbox’s Latest MisfireHedge Funds at War for Top Traders Dangle $120 Million Payout  ( 8 min )

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Analysts weigh in on Kenvue, C3.ai, CSX, Toast, and Ryanair Holdings  ( 22 min )

Tim Chen, CEO and co-founder of NerdWallet Inc., has come a long way since the 2008 financial crisis when he found himself among the unemployed, like many others at that time. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families After spending four years working in hedge funds such as Perry Capital and JAT Capital Management, Chen received the news of his layoff around Christmas, leaving him devastated. “It was super  ( 9 min )

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Tesla stock is up more than 4% in late trading. One reason looks technical. The other looks like unemployment did the trick.  ( 22 min )

Making money in the stock market sounds like a dream come true, and for most traders, it's just that: a dream. Unless your name is Jack Kellog, the 24-year-old who achieved $8 million in gains from day trading in 2020 and 2021. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families Where It All Started Starting his trading journey in 2017 with only $7,500, Kellogg has encountered and overcome various market conditions,  ( 8 min )

Like the PC and cellphones, artificial intelligence has the capacity to rewrite how almost every business works—including investing. Here’s how it might change things for retail and institutional investors.  ( 22 min )

White-collar jobs are most at risk.  ( 7 min )

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The number of rigs drilling for crude dropped again this week, a sign that U.S. producers are pessimistic about prices. There are now 555 rigs drilling specifically for oil, down 15 from last week in the sharpest decline in oil-patch activity since the Covid lockdowns. The total is down 11% since t  ( 20 min )

(Bloomberg) -- A deal to rescue one of the biggest suppliers of soybean meal fed to livestock herds around the world is at risk of falling apart because of court delays and Argentina’s worst drought in living memory.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthRich Latin Americans Transform Laid-Back Madrid Into a New MiamiHedge Funds at War for Top Traders Dangle $120 Million PayoutsInside the  ( 8 min )

DuPont, Corteva, Chemours, and 3M shares are up after a $1.2 billion legal settlement over PFAS chemicals. Here's how investors can make sense of that.  ( 36 min )

Wall Street analysts are telling clients TSMC's exposure to the AI trend might be limited this year.  ( 22 min )

With the late Steve Jobs and Steve Wozniak, Apple Inc.'s co-founders, dominating the tech world for decades, it’s easy to overlook the vital role played by a lesser-known figure: Mike Markkula. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families While Jobs and Wozniak captured the limelight, Markkula’s contributions to Apple's success were no less significant. From angel investor to CEO and chairman, Markkula’s jour  ( 9 min )

The cash-strapped U.S. Treasury today auctioned $15 billion in bills maturing in one day as it awaits a resolution to the debt-ceiling impasse.  ( 18 min )

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Evercore ISI analyst Kirk Materne says artificial intelligence is going to provide a gigantic boost to Microsoft, which is in a "unique position to monetize the platform shift to AI."  ( 22 min )

Amazon.com is reportedly in talks with phone carriers to offer low-cost or free nationwide mobile phone service to Prime subscribers.  ( 23 min )

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Hiring was strong in May, but wage gains showed less inflationary pressure from the labor market.  ( 23 min )

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Molson Coors brands Coors Light and Miller Lite have grown market share as Bud Light faced a backlash. TD Cowen analyst Vivien Azer says Molson Coors will enjoy “durable market-share momentum.”  ( 22 min )

SoFi Technologies, Inc (NASDAQ: SOFI) stock is down Friday as the Senate cleared the debt ceiling bill with 63 votes in favor of the legislation and 36 against it. The CARES Act passed in March of 2020, allowed a pause on student loan repayments. The current debt ceiling deal would terminate this pause, and repayments must resume on August 29, 2023. The student loan refinancing firm prosecuted the government to end the pause earlier this year. Through student and personal loans, the company aime  ( 7 min )

If a headset is unveiled at Monday's WWDC, Apple shares might get a big boost too.  ( 22 min )

Dish Network Corp (NASDAQ: DISH) stock is up Friday amid reports of selling wireless plans for its mobile phone service through Amazon.Com Inc(NASDAQ: AMZN). Amazon has been talking with wireless carriers about offering Prime subscribers $10 a month or possibly for free and bolster loyalty among its biggest spending customers. The company is negotiating with Verizon Communications Inc (NYSE: VZ), T-Mobile US Inc (NYSE: TMUS), and Dish for the lowest possible wholesale prices, Bloomberg reported  ( 7 min )

The resolution would repeal President Joe Biden’s most recent extension of the student loan pause.  ( 8 min )

After NVIDIA's (NASDAQ:NVDA) astounding AI-fueled earnings results and guidance last week, its valuation briefly vaulted past the $1 trillion mark and Wall Street analysts scrambled to jack up estimates on the company. But that massive surge makes Nvidia a tricky buy right now: InvestingPro’s fair value algorithm calls the stock overvalued at current levels, with some 30% potential downside risk.  ( 7 min )

Bank stocks have been “excessively penalized,” says Wells Fargo analyst Mike Mayo. Here are some names to consider.  ( 22 min )

Barcalys analyst Dan Levy feels better about the EV start-up after a visit to its assembly plant in Normal, Illinois.  ( 22 min )

Benzinga Made-In-China Teslas Are The Highest Quality, Says Musk: ‘It Warms My Heart’ Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is back in America after a two-day trip to China, his first since the onset of the COVID-19 pandemic. The billionaire entrepreneur made a pitstop at Giga Shanghai as part of his tour and delivered a late-night speech praising his Chinese staff. Sharing pictures from his visit to the Gigafactory on Wednesday evening, Musk tweeted, “Congratulations to Giga Shanghai & Tesla C  ( 12 min )

(Bloomberg) -- One of Nvidia Corp.’s long-term investors is trimming bets on the stock, saying the frenzy around artificial intelligence has pushed valuations too far.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Clears Congress, Ending Threat of US DefaultHedge Funds at War for Top Traders Dangle $120 Million PayoutsRich Latin Americans Transform Laid-Back Madrid Into a New MiamiEdmond de Roths  ( 7 min )

The Secure 2.0 Act has all sorts of provisions that take effect between now and 2027. Here’s when they kick in.  ( 27 min )

↗️ Lululemon Athletica (LULU): The athletic-gear maker raised its annual outlook on sales growth in China. Shares climbed around 12%, snapping a nine-day losing streak. ↘️AT&T (T), [**Verizon (VZ)  ( 21 min )

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Dollar General's lowered outlook casts a shadow on prospects for discount retailers but some analysts still see opportunities.  ( 22 min )

(Bloomberg) -- Carvana Co. canceled a $1 billion debt swap after a group of creditors refused to exchange their notes, posing a challenge as the used car retailer attempts to rein in its debt load.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Clears Congress, Ending Threat of US DefaultHedge Funds at War for Top Traders Dangle $120 Million PayoutsAmazon Is in Talks to Offer Free Mobile Service t  ( 7 min )

California’s homeowners are already bearing the brunt of devastating wildfires every summer. Now, it will be harder for them to find insurance companies willing to potentially cover the damages.  ( 8 min )

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The Wegmans supermarket chain is closing one of its largest and most unusual stores because it has not attracted enough business, the company said. The Natick, Massachusetts store will close on an undetermined date this summer, the Rochester, New York-based company said in a statement on Thursday. Making these decisions is never easy.  ( 6 min )

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Amazon.com is reportedly looking into entering mobile phone service, and telecom investors are feeling the pain. Bloomberg News reported Friday that the retailing giant has been talking with wireless carriers about offering low-cost or free mobile to Prime subscribers. Holders of traditional telec  ( 20 min )

Amazon.com Inc is in talks with wireless carriers Verizon Communications, T-Mobile US Inc and Dish Network Corp to offer low cost mobile services in the U.S., Bloomberg News reported on Friday. The discussions, which have been going on for six to eight weeks, have also included AT&T Inc at times, the report said, citing people familiar with the matter. Bloomberg News also said Amazon has been negotiating to get the lowest possible wholesale prices that would let it offer Prime members wireless plans for $10 a month or possibly for free.  ( 7 min )

Amazon.com Inc has been in talks with wireless carriers Verizon Communications, T-Mobile US Inc and Dish Network Corp to offer low cost mobile services in the U.S., a report by Bloomberg News said on Friday, citing sources familiar with the matter. Amazon.com Inc, Verizon and T-Mobile did not immediately respond to a Reuters request for comment.  ( 6 min )

A divorce is an unfortunate time in anyone's life, as it signifies the end of a likely long-term relationship and marriage. However, it's important to understand the financial ramifications of a divorce as you're going through one. So if you're … Continue reading → The post Is My Spouse Entitled to My Pension in a Divorce? appeared first on SmartAsset Blog.  ( 8 min )

Once a pension has vested, you should be entitled to keep those funds, even if you're fired. However, you aren't always entitled to all the money in your pension fund. In some cases, you might lose some, or even all, … Continue reading → The post Can You Lose a Vested Pension? appeared first on SmartAsset Blog.  ( 8 min )

Although 65 is a conventional retirement age, reaching this point with $2 million is quite a feat. This sum can generate investment and interest income to support you well in the decades to come. However, saving this amount takes effort. … Continue reading → The post Is $2 Million Enough to Retire at 65? appeared first on SmartAsset Blog.  ( 9 min )

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The stock could erase most of the 42% rise it has posted so far this year, if losses hold through regular trading. More than half of the 30 analysts covering the stock lowered their target prices, citing the longer deal cycles and waning demand from enterprise customers, who are holding back on new orders due to high inflation and rising interest rates. The median price target on the stock is now $18, which is 13% lower than its last closing price.  ( 7 min )

The latest amendment to a June 2022 lawsuit alleges two wallets controlled by Musk sold 1.4 billion Dogecoin when he used his social network to deliberately pump the price.  ( 8 min )

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Stocks rose on Friday morning as investors awaited the May jobs report.  ( 7 min )

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The electric-vehicle charging company reported a first-quarter per-share loss of 15 cents from $130 million in sales. Wall Street was looking for a 19 cents loss from $128 million in sales.  ( 22 min )

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(Bloomberg) -- 3M Co. faces an existential threat from lawsuits over allegedly cancer-linked “forever chemicals” that have leached into municipal water supplies, with the company’s liability possibly hitting $143 billion for cleanup alone. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Clears Congress, Ending Threat of US DefaultHedge Funds at War for Top Traders Dangle $120 Million PayoutsRich L  ( 9 min )

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Filings from Fidelity estimate that the company is worth one third what investors paid for their stakes.  ( 7 min )

Sales of recreational vehicles are way off their pandemic peak, but the industry won’t be in the breakdown lane for long.  ( 28 min )

Analysts have raced to boost their price targets on the chip maker’s stock after the company’s market value gained $650 billion since October.  ( 27 min )

Some customers reportedly experienced delays in transferring funds from the savings account to another bank account.  ( 8 min )

Ppportunities—and risks—abound after a tough couple of years.  ( 23 min )

Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at C3.ai, Chevron, Domino’s Pizza, and The Trade Desk. Wedbush upgraded C3.ai (NYSE:AI) to Outperform from Neutral and raised its price target to $50.00 from $24.00 following Q4 earnings, as InvestingPro reported in real time. Furthermore, Wedbush noted that the company is in a unique position to help lead the charge and monetize this looking ahead the next 12 to 18 months.  ( 7 min )

(Bloomberg) -- All around the world, a backlash is brewing against the hegemony of the US dollar.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireWall Street Banks Are Using AI to Rewire the World of FinanceBillionaire Perot Warns of Real Estate Recession as Loans Dry UpApple Plans Major Retail Push With New Stores Across China, USBrazil and China recently struck a deal to settle trade in their local currencies, s  ( 11 min )

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(Bloomberg) -- Australia’s largest pension fund AustralianSuper has frozen all future contracts with PricewaterhouseCoopers as it assesses the fallout of the embattled accounting firm’s tax advice scandal. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Clears Congress, Ending Threat of US DefaultWall Street Banks Are Using AI to Rewire the World of FinanceHedge Funds at War for Top Traders Dangle  ( 6 min )

The Dow moved up by more than 700 points after the Labor Department's stronger-than-expected jobs report.  ( 17 min )

A current account savings account is aimed at combining the features of savings and checking accounts to entice customers to keep their money in banks.  ( 21 min )

A careful look at data from nonpartisan sources suggests that any increases have been modest by historical standards.  ( 21 min )

Monthly tracking report for credit card interest rates from Investopedia's database of more than 300 cards. These are the current rates as of June 2023.  ( 23 min )

The Herrick Payoff Index tracks price, volume, and open interest to identify potential trends and reversals in futures and options contracts.  ( 20 min )

Reverse mortgages can provide supplemental income for retirees. Learn the biggest mistakes to avoid with a reverse mortgage.  ( 22 min )

Social media optimization (SMO) is the use of social media networks to manage and enhance an organization’s message and online presence.  ( 21 min )

High mortgage rates and elevated prices are keeping would-be homebuyers in New York out of the housing market.  ( 17 min )

If you’re thinking about leasing a new vehicle, here’s what you need to know about how car leases work and the fees that you can expect to pay in total.  ( 23 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

A transfer of physical assets (TPA) is involved when a HUD-insured loan is attached to a real estate transaction.  ( 24 min )

Markets rose after a strong jobs report and Senate passage of the debt ceiling bill, which will avoid a government default.  ( 16 min )

These inventions in the fields of finance, healthcare, technology, food, and energy have greatly improved our standard of living.  ( 21 min )

Why the Oracle of Omaha's approach to investing has served him well over the years.  ( 24 min )

A depository is a facility such as a building, office, or warehouse in which something is deposited for storage or safeguarding. Learn more about how they work.  ( 24 min )

A dormant account is a customer bank deposit that has seen no activity other than the posting of interest for a long period of time. Here's what happens to dormant accounts.  ( 22 min )

If you pay off your car loan early, you can typically save money on the total cost of the loan as you reduce the amount of interest you pay.  ( 24 min )

Cboe Global Markets said all of its listed stocks in the U.S. and Canada can now be traded at the Cboe’s other exchanges in the U.K. and the Netherlands, and later on its Australia site.  ( 16 min )

3M shares jumped following a report of a settlement over claims of water pollution from "forever chemicals."  ( 16 min )

These four professional organizations are among the most respected and well known among financial advisors.  ( 22 min )

Taking steps to improve poor credit standing is called credit repair. You can do your own credit repair, but it can be labor intensive and time consuming.  ( 23 min )

Learn who the top 10 billionaires in the world are and how they built their wealth.  ( 33 min )

Construction Occupancy Protection Exposure (COPE) is a set of risks property insurance underwriters evaluate when writing insurance policies.  ( 23 min )

American Express is more than just a popular credit card issuer; it offers competitive savings account rates, too. Learn more about saving money with Amex.  ( 18 min )

A savings account is an essential part of your financial toolbox. Learn about Ally Bank savings accounts and their rates and decide if they are a fit for you.  ( 19 min )

The cash-strapped U.S. Treasury today auctioned $15 billion in bills maturing in one day as it awaits a resolution to the debt-ceiling impasse.  ( 17 min )

Edmund Phelps is an American professor of political economy at Columbia University and winner of the 2006 Nobel Prize in Economics.  ( 19 min )

Amazon is said to be considering a free or discounted mobile service for its Prime members, in a move that could impact its customers and shareholders of wireless service providers.  ( 17 min )

If you can avoid these mistakes when house-hunting, you'll be more likely to find a home that suits both your feelings and your finances.  ( 29 min )

The valuation period is the time period during which value is determined for variable investment options.  ( 21 min )

A check is a written, dated, and signed draft that contains an order directing a bank to pay a definite sum of money to a payee. Learn how checks work.  ( 25 min )

Sovereign default is a failure by a government to repay its country's debts.  ( 25 min )

Here's why all or part of your 401(k) plan may not be accessible after your employment ends. In time, you may (or may not) receive all the funds.  ( 23 min )

A money-weighted rate of return is the rate of return that will set the present values of all cash flows equal to the value of the initial investment.  ( 22 min )

Holding period return is the total return received from holding an asset or portfolio of assets over a period of time, and is generally expressed as a percentage.  ( 23 min )

Markets soared midday on Friday following Senate passage of the debt ceiling bill and the Labor Department's jobs report showing more jobs were added to the economy than expected last month.  ( 16 min )

Online shoplifting is a type of theft involving dishonest chargebacks and piracy targeting online or ecommerce merchants.  ( 18 min )

Operating leverage can tell you a lot about a company and its future profitability, and the level of risk it offers to investors. Learn the pros and cons.  ( 24 min )

MongoDB's profit and sales exceeded analysts' forecasts and CEO Dev Ittycheria said the company is well positioned to gain from the AI boom.  ( 16 min )

Lululemon's earnings and revenue beat estimates as sales in China soared after COVID-19 restrictions were lifted.  ( 16 min )

A buying hedge is a transaction used by companies and investors to hedge against increases in the price of assets underlying a futures contract.  ( 19 min )

Private equity (PE) has gained a great amount of influence in today's financial marketplace. Check out what it is and how it operates.  ( 29 min )

A bid-ask spread is the amount by which the ask price exceeds the bid price for an asset in the market.  ( 24 min )

A report Friday sent contradictory signals about the job market, showing the economy was both gaining and losing jobs—thanks to a quirk in the way the government gathers data.  ( 17 min )

Inflation is the economic impact where the cost of goods and services rises. Learn how to hedge against inflation and mitigate the effects of inflation.  ( 25 min )

Rates on 30-year mortgages fell for a third day in a row. They're now more than a half percent below Friday's high, and at their lowest point in two weeks.  ( 19 min )

Speculation refers to the act of conducting a financial transaction that has substantial risk of losing value but also holds the expectation of a significant gain.  ( 24 min )

Can the U.S. government tighten its belt enough to dig itself out of debt? Here are options to reduce the national debt, beyond cutting spending and raising income taxes  ( 20 min )

The labor market once again blew past the expectations of economists—the consensus forecast called for only 188,000 jobs to be gained, according to Wells Fargo Securities.  ( 17 min )

You can open an offshore bank account to bank in another country, but the process can be take longer. Here's how opening an offshore bank account works.  ( 26 min )

It’s better to think long term than to panic and sell stock at a low during a downturn, but you need to have a strategy for different outcomes.  ( 26 min )

The Senate passed a bill Thursday night, averting a looming debt crisis and potential economic disaster.  ( 16 min )

ICE's Brent crude futures contract will reflect the addition of West Texas Intermediate crude oil to the basket of North Sea oil sources it uses to assess Brent prices, the benchmark for about 80% of global oil trades.  ( 18 min )

Real-time gross settlement is the continuous process of settling payments on an individual order basis without netting debits with credits.  ( 22 min )

The money you have stored on a mobile payment app may be at more risk than you think if the company providing it runs into financial trouble, the government’s consumer watchdog has warned.  ( 17 min )

The jobs report is expected to show a slowdown in hiring and the debt ceiling bill heads to the president's desk for signature. Here’s what investors need to know today.  ( 17 min )

Risk-weighted assets are used to determine the minimum amount of capital that must be held by a bank, by assigning risk levels to each type of asset.  ( 22 min )

A custodian bank is a financial institution that holds customers' securities in electronic or physical form to minimize the risk of theft or loss.  ( 25 min )

Markets rose after a strong jobs report and Senate passage of the debt ceiling bill, which will avoid a government default.  ( 1 min )

Cboe Global Markets said all of its listed stocks in the U.S. and Canada can now be traded at the Cboe’s other exchanges in the U.K. and the Netherlands, and later on its Australia site.  ( 1 min )

Markets soared midday on Friday following Senate passage of the debt ceiling bill and the Labor Department's jobs report showing more jobs were added to the economy than expected last month.  ( 1 min )

The jobs report is expected to show a slowdown in hiring and the debt ceiling bill heads to the president's desk for signature. Here’s what investors need to know today.  ( 1 min )

3M shares jumped following a report of a settlement over claims of water pollution from "forever chemicals."  ( 1 min )

Amazon is said to be considering a free or discounted mobile service for its Prime members, in a move that could impact its customers and shareholders of wireless service providers.  ( 1 min )

MongoDB's profit and sales exceeded analysts' forecasts and CEO Dev Ittycheria said the company is well positioned to gain from the AI boom.  ( 1 min )

Lululemon's earnings and revenue beat estimates as sales in China soared after COVID-19 restrictions were lifted.  ( 1 min )

Het Britse olie- en gasbedrijf BP en het British Museum zetten na 27 jaar een punt achter de sponsoring. Het museum maakt zich daarmee los van de fossiele industrie, wat campagnevoerders toejuichen.  ( 3 min )

Vanaf de zomer van 2024 rijden maandenlang geen Eurostar-treinen van Amsterdam naar Londen. Vanwege de verbouwing van Amsterdam Centraal is er geen ruimte meer voor de douane. Het kan elf maanden duren voordat de treinen weer rijden vanuit Amsterdam, schrijft staatssecretaris Vivianne Heijnen (Infrastructuur) in een Kamerbrief.  ( 3 min )

ING is vrijdagmiddag opnieuw door een storing getroffen. Klanten van de bank kregen geen toegang tot de app en internetbankieren. Daardoor konden zij niet bij hun bankrekening en dus geen geld overboeken. De bank meldt iets voor 17.00 uur aan NU.nl dat de problemen verholpen zijn.  ( 4 min )

Topman Sergio Ermotti van de Zwitserse bank UBS waarschuwt voor "pijnlijke" besluiten over het schrappen van banen na de overname van branchegenoot Credit Suisse.  ( 3 min )

Werknemers krijgen straks meer ruimte om hetzelfde werk bij een concurrent te doen als hun dienstverband erop zit. Op dit moment zitten ze soms ten onrechte vast door een concurrentiebeding. Dat zit de doorstroom op de arbeidsmarkt in de weg, vindt verantwoordelijk minister Karien van Gennip.  ( 5 min )

Terwijl landen met horten en stoten proberen hun CO2-uitstoot terug te dringen, blijft er grote onzekerheid over andere broeikasgassen. Het is onduidelijk of we de uitstoot van gassen als methaan wel genoeg kúnnen verminderen om de opwarming van de aarde te beperken tot 1,5 graden, blijkt uit nieuw onderzoek.  ( 6 min )

Bierbrouwer Heineken heeft vorige week posters en digitale afbeeldingen weggehaald nadat er klachten waren over de leeftijd van de modellen. Die leken veel jonger dan 25 jaar, en dat mag niet in reclames voor alcoholische drankjes.  ( 3 min )

ING is vrijdagmiddag opnieuw getroffen door een storing. Klanten van de bank krijgen geen toegang tot de app. Daardoor kunnen zij niet bij hun bankrekening en is het overboeken van geld onmogelijk.  ( 3 min )

De onrust onder het personeel van autofabriek VDL Nedcar in het Limburgse Born houdt aan. De werknemers leggen maandag opnieuw 24 uur lang het werk neer. Later in de week volgen meer acties.  ( 3 min )

China gaat een gat van meer dan 11 kilometer boren in de hoop daar meer fossiele energie te vinden. Zelden in de geschiedenis is er dieper geboord en voor de Chinezen is het zelfs een record.  ( 3 min )

Prijzen van basisvoedsel als graan, zuivel en palmolie zijn vorige maand verder gedaald. Daardoor staan ze nu op het laagste niveau sinds april 2021. Dit komt onder meer door de verlenging van de graandeal tussen Rusland en Oekraïne en een betere oogst. De lagere prijzen kunnen ertoe leiden dat we straks minder kwijt zijn in de supermarkt.  ( 4 min )

China gaat een gat van meer dan 11 kilometer boren in de hoop daar meer fossiele energie te vinden. Zelden in de geschiedenis is er dieper geboord en voor de Chinezen is het zelfs een record.  ( 3 min )

De VriendenLoterij en de Nationale Postcode Loterij hebben een dwangsom gekregen omdat ze online spellen aanbieden zonder dat ze daar de juiste vergunning voor hebben. De loterijen zijn zich van geen kwaad bewust en hebben bezwaar aangetekend.  ( 3 min )

Facebook-moederbedrijf Meta heeft een nieuwe virtualrealitybril (VR-bril) aangekondigd. Dankzij camera's aan de buitenzijde van de Meta Quest 3, kunnen dragers voor het eerst de echte wereld door een VR-bril bekijken. Zo kun je met de bril nu virtuele meubels en bordspellen zien.  ( 4 min )

Prijzen van basisvoedsel als graan, zuivel en palmolie zijn vorige maand verder gedaald. Dat komt onder meer door de verlenging van de graandeal tussen Rusland en Oekraïne en een betere oogst. De lagere prijzen kunnen ertoe leiden dat we straks minder kwijt zijn in de supermarkt.  ( 3 min )

Een meerderheid van de Amerikaanse senatoren heeft donderdag voor een verhoging van het schuldenplafond van de Amerikaanse overheid gestemd. Dit voorkomt dat de Verenigde Staten voor het eerst in de geschiedenis niet meer aan zijn betalingsverplichtingen kan voldoen.  ( 3 min )

The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of strength in an economy that the Federal Reserve is desperately trying to cool. The unemployment rate rose to 3.7%, from a five-decade low of 3.4% in April. The stronger hiring demonstrates the job market's resilience after more than a year of rapid interest rate increases by the Fed. Many industries, from construction to restaurants to health care, are still adding jobs to keep up with consumer demand and restore their workforces to pre-pandemic levels.  ( 8 min )

Dell beat expectations despite continues macro headwinds. The company hinted that it is feeling more upbeat on the outlook for the 2023 second half.  ( 22 min )

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Electric truck maker Nikola Corp may execute a reverse stock split if its stock does not comply with Nasdaq's minimum bid price requirements within a certain period, its chief executive Michael Lohscheller said on Thursday. A reverse stock split consolidates the number of existing shares into fewer shares. Nikola, which closed at about 57 cents on Thursday, said last week it received a delisting notice from the stock exchange.  ( 6 min )

(Bloomberg) -- Broadcom Inc., one of the world’s biggest chipmakers, said that artificial intelligence spending is helping fuel sales, but not enough to offset a broader post-pandemic slowdown. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsWall Street Banks Are Using AI to Rewire the World of FinanceBillionaire Perot Warns of Real Estate Recession as L  ( 7 min )

The Energy Select Sector SPDR ETF is down about 16% from a multiyear peak in late 2022, and the SPDR S&P Metals & Mining ETF is down about 30%.  ( 23 min )

Some may hate a lot in the debt ceiling package, but economists say the plan's actually a good compromise that'll benefit everyone. Here's why.  ( 9 min )

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Tech stocks are racing past the broader market today. Traders are rushing to play the move higher. The recent rally has been marked by heavy activity in bullish options tied to tech. Nvidia call options hit one of the highest levels on record in recent sessions, as did activity in the Technology Se  ( 21 min )

Target continues to be in focus by market goers, now for a new reason.  ( 8 min )

Investors in the iPhone maker will be watching for any exciting business updates during the Apple's Worldwide Developers Conference next week.  ( 22 min )

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The AI software play's shares have been fluctuating wildly. But the CEO says the path ahead looks great.  ( 22 min )

(Bloomberg) -- 3M Co., DuPont de Nemours Inc. and other makers of per-and polyfluoroalkyl substances, or PFAS, have agreed to pay more than $100 million to resolve a Georgia city’s lawsuit claiming the chemicals polluted its drinking water, according to a person familiar with the matter.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireWall Street Banks Are Using AI to Rewire the World of FinanceDebt-Limit Deal Pas  ( 8 min )

Ford Motor Co sued Blue Cross Blue Shield Association in U.S. court on Wednesday, accusing it of a price-fixing conspiracy that caused the automaker to pay inflated costs for health insurance products for its employees. The lawsuit Ford filed in Detroit federal court accused the insurer and its regional Michigan branch of unlawfully dividing up parts of the country in a scheme to reduce competition with each other in order to drive "astronomical profits." The allegations from Ford, employing more than 170,000 workers worldwide, relate to a $2.7 billion settlement that Blue Cross Blue Shield Association and its three dozen member companies reached in 2020 with corporate and individual policy holders in Alabama federal court.  ( 7 min )

Palantir Technologies Inc (NYSE: PLTR) stock grabbed eyeballs since its first-quarter beat and, more recently, with its collaboration with the Ukraine Ministry to support the defense and reconstruction of the country. The software company and cloud solutions provider will host its AI day on Thursday. The Thursday session volume surged to 46 million vs. the 100-day average of 51 million. However, Bear Cave slammed the software and cloud solutions provider co-founded by Peter Thiel and backed by t  ( 7 min )

Sir Rod Stewart has abandoned a deal to seal his 60-year career in music by selling his song catalogue after negotiations with a controversial industry mogul turned sour.  ( 9 min )

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Vanguard Group, the world's largest issuer of mutual funds, was fined and censured by the Financial Industry Regulatory Authority (FINRA) for errors appearing in about 8.5 million customer account statements. FINRA, Wall Street's self-regulatory organization, said in a filing signed last month by representatives of both parties that Vanguard overstated projected yield and projected annual income for nine money market funds from November 2019 to September 2020. "From at least October 2019 to June 2021, certain VMC account statements inaccurately presented market appreciation/depreciation and investment returns," the filing said.  ( 6 min )

The student loan pause was the first break for millennials since they graduated into the Great Recession. Now, they're bracing for payments to restart.  ( 8 min )

(Bloomberg) -- Shares of Rivian Automotive Inc., the money-losing electric vehicle startup, may get pushed out of the Nasdaq 100 Index as early as this month after plunging more than 90% from their record high, according to JP Morgan Securities.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsWall Street Banks Are Using AI to Rewire the World of FinanceBi  ( 7 min )

Warren Buffett and Jim Cramer are talented in their own right. One is an investing legend who has helped Berkshire Hathaway Inc. shareholders generate extraordinary returns for decades. The other is the charismatic host of “Mad Money” on CNBC who has made numerous intriguing stock picks, to the extent that there are now exchange-traded funds (ETFs) designed both in favor of and against his recommendations. If you want to follow Buffett’s coattails, you can check out Berkshire Hathaway (NYSE: BRK  ( 9 min )

J.P. Morgan analyst Christopher Horvers downgraded his rating on Target to Neutral from Overweight and cut his price target.  ( 22 min )

In a dispute about the pressure that organized labor can exert during a strike, the Supreme Court ruled Thursday against unionized drivers who walked off the job with their trucks full of wet concrete. The lone dissenter in the case, Justice Ketanji Brown Jackson, said the ruling would hinder the development of labor law and “erode the right to strike." Justice Amy Coney Barrett, writing for the majority, said the union failed to take reasonable precautions to protect the company's concrete when the drivers went on strike.  ( 7 min )

Generative AI has been a popular investment theme this year.  ( 22 min )

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Some customers with Apple savings accounts, which are a partnership with Goldman Sachs, say it has taken weeks to withdraw money.  ( 28 min )

Chief Executive Dave Calhoun explains why he isn't worried about ceding market share to rival Airbus.  ( 22 min )

The main piece of this week involved the debt ceiling deal reached by the White House and House Speaker Kevin McCarthy. The deal has passed the House and now awaits approval in the Senate for the US to avoid a default. The chances of it passing are good, says Raymond James CIO Larry Adam, who is “generally optimistic about the passage of the deal,” while also noting that the “reduction in uncertainty will be a net positive for the equity market. In any case, Adam notes that through the whole deb  ( 10 min )

After a three-year pause, borrowers will have to make monthly payments again starting Aug. 30.  ( 27 min )

(Bloomberg) -- In case there was any doubt, the lower-income US consumer is in full retreat.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapBillionaire Perot Warns of Real Estate Recession as Loans Dry UpDollar General Corp.’s shares plunged the most since August 2016 after the discount retailer s  ( 8 min )

The money manager sent statements with incorrect information about fund yields and income, according to the Financial Industry Regulatory Authority.  ( 28 min )

Salesforce has a mixed quarter, leading to some mixed responses by Wall Street  ( 10 min )

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Big Tech valuations look reasonable when you factor in how quickly the powerhouse companies are growing earnings.  ( 22 min )

First came Bud Light. Then Target. Now more companies are facing potential pushback from a segment of customers unhappy with their embrace of the LGBTQ community.  ( 22 min )

A "nest egg" generally refers to retirement savings that you typically don't touch until you retire. It's the money you save for the future so that you have something to fall back on when you retire. Oftentimes, growing your nest … Continue reading → The post What Is a Nest Egg for Retirement? appeared first on SmartAsset Blog.  ( 10 min )

Retiring at 50 is a lofty goal that gives you plenty of time to pursue all the projects you couldn't get to in your career and make memories with friends and family. However, leaving the workforce 12 years before you … Continue reading → The post Is $5 Million Enough to Retire on at 50? appeared first on SmartAsset Blog.  ( 10 min )

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Stocks rose Thursday after the House passed a bill to extend the U.S. debt limit.  ( 8 min )

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J.P. Morgan downgraded its rating on the shares to Neutral from Overweight and its target price to $85 from $95.  ( 22 min )

The retailer's first-quarter earnings of $2.34 per share were slightly shy of the $2.38 per share analysts expected.  ( 22 min )

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(Bloomberg) -- The unwinding of the blank-check stock frenzy, one of the hottest pandemic-era trends on Wall Street, is playing out its last act on a different stage: the courtroom. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthDebt-Limit Deal Passes the House, Easing US Default ConcernsS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapElon Musk Again World’s Richest Person as Arnault’s LVMH SinksBillionaire Perot Warns of Real Estate Recession as Loans  ( 9 min )

Following Arnault’s buyout of Boussac, the billionaire fired 9,000 people working for the company, sold off most of the group’s assets (except the Dior brand), and earned the nickname “the Terminator.”  ( 8 min )

Macy's slashed its outlook for the entire year with sales weakening sales in the first quarter during an increasingly challenging economic environment, including stubbornly high inflation. Shares tumbled more than 10% before the opening bell Thursday and dragged other retailers down as well. Macy's reported net income of $155 billion, or 56 cents per share, far short of the 45 cents Wall Street was looking for, and a significant decline from the $286 million earned during the same period last year.  ( 6 min )

Chief Executive Dave Calhoun explains why he isn't worried about ceding market share to rival Airbus.  ( 22 min )

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Boeing Co CEO Dave Calhoun downplayed speculation that China's maiden commercial flight of its domestically produced C919 narrowbody jet could foreshadow the end of the duopoly currently held by the U.S. planemaker and its European rival Airbus SE. On Sunday, China Eastern Airlines flew a C919 filled with passengers from Shanghai to Beijing - a milestone for manufacturer Commercial Aviation Corp of China (COMAC). Calhoun said the C919 is a "good airplane," but it will take a "long while" for COMAC to build the production capacity needed to meet Chinese airlines' demand.  ( 8 min )

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OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite a fall in oil prices toward $70 per barrel, four sources from the alliance told Reuters. OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies led by Russia, pumps around 40% of the world's crude and supplies around 60% of the oil export market, meaning its policy decisions can have a major price impact. As the economic outlook worsened, several members of OPEC+ in April pledged voluntary cuts starting from May and to continue to the end of the year.  ( 8 min )

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The billionaire Virgin founder shared his top advice for budding founders.  ( 8 min )

U.S. President Joe Biden's 2020 campaign promise to make wealthy Americans and corporations pay more in taxes to finance a range of social priorities breathed its last gasp, at least for this presidential term, with the debt ceiling deal he struck with Republicans on Saturday. The deal to cap discretionary spending and suspend the debt ceiling contains no tax rate changes to raise revenue; it also slashes new funding Biden had allocated to the hollowed-out Internal Revenue Service.  ( 8 min )

There’s really no hiding from AI anymore. Even if you don’t work with it professionally, chances are that AI has powered your search engine use, or you’ve at least tinkered with a chatbot like ChatGPT. Beyond that, AI is behind the targeted ads that we see on social media or Google; it tracks our internet and social media use, and selects ads accordingly. What this means for the future – of computing, of statistics, of data analysis, of marketing and advertising – hasn’t yet come fully into focu  ( 11 min )

What's moving most in the stock market today.  ( 23 min )

(Bloomberg) -- A lopsided trade relationship with India is forcing Russia to accumulate up to $1 billion each month in rupee assets that remain stranded outside the country, swelling the stockpile of capital it’s amassed abroad since the invasion of Ukraine.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthDebt-Limit Deal Passes the House, Easing US Default ConcernsS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapElon Musk Again World’s Richest Person as A  ( 9 min )

Wall Street expects revenue to grow 7% year over year in the latest quarter.  ( 22 min )

Despite a meteoric rise in recent months, the valuations of big tech stocks appear reasonable when you factor in how quickly they are growing earnings.  ( 22 min )

(Bloomberg) -- Stocks in Asia were broadly higher in choppy trading as the House passed a deal to avert US default and investors weighed the prospect of a pause in rate hikes from the Federal Reserve this month.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into Earth’s CrustS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapDebt-Limit Deal Wins House Passage, Easing US Default ConcernsHedge Funds Are Deploying ChatGPT to Handle All the Grunt WorkElon Musk Again World’  ( 8 min )

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Saying ‘insider trading’ conjures up images of smoky back rooms and shady deals, but that’s only for the movies. In real life, insiders refer to corporate officers, such as CEOs, CFOs, COOs, and directors, who are responsible for running their companies profitably. They don’t take trading their own companies’ stocks lightly. While they may sell for various reasons, they only buy when they anticipate a rise in the share price. That makes the insiders’ trading moves one of the surest signs that in  ( 10 min )

Oil prices dipped in early trade on Thursday for the third straight session after data showed an unexpected, large build in U.S. crude stocks last week, triggering fears of an oversupply amid signs of weaker Chinese demand, too. Brent crude futures for August delivery fell 40 cents, or 0.6% to $72.20 a barrel by 0023 GMT, while U.S. West Texas Intermediate crude (WTI) eased 39 cents, or 0.6%, to $67.70 a barrel. U.S. crude oil inventories rose by about 5.2 million barrels last week, according to market sources citing American Petroleum Institute figures on Wednesday.  ( 7 min )

A telegraphic transfer (TT) is an electronic method of transferring funds used primarily for overseas wire transactions.  ( 22 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

Iridium is a rare and expensive corrosion-resistant metal. Discover why iridium is used in the manufacture of aircraft, spark plugs, and tech devices.  ( 20 min )

The Dow Jones Industrial Average moved higher by more than 0.5%, or 153 points, as investors celebrated the House of Representatives passage of the debt-ceiling bill, which now goes to the Senate.  ( 16 min )

The banking sector is an essential part of the U.S. and world economies, safeguarding assets and supplying credit to individuals and businesses.  ( 24 min )

A fixed interest rate remains the same for a loan's entire term, making long-term budgeting easier. Some loans combine fixed and variable rates.  ( 23 min )

Markets gained on Thursday, June 1, 2023 as bipartisan plan to raise the debt ceiling advances in Congress.  ( 16 min )

Dollar General profit, sales miss estimates as inflation hits customer spending, sending shares lower.  ( 16 min )

Section 12D-1 and its exemptions under the Investment Company Act of 1940 provide rules and limits on how investment funds can invest in each other.  ( 20 min )

The price of one currency compared to another is not necessarily an indication of wealth, power, or strength.  ( 26 min )

Administrative services only (ASO) is an agreement that companies use when they fund their employee benefit plan but hire a vendor to administer it.  ( 22 min )

Hormel beats profit estimates, sending shares higher.  ( 16 min )

April construction spending rose, though high mortgage rates are weighing down on construction of single-family homes which, ideally, should be in demand amid a lack of housing inventory.  ( 17 min )

In FX, it's not the price environment that decides this for you. Learn the differences to see which you prefer.  ( 22 min )

Understanding different stock categories can help you make better-informed investment decisions. Here are some stock types investors need to know.  ( 23 min )

The swap rate is a special kind of interest rate that is utilized for the calculation of fixed payments in a derivative instrument called an interest rate swap.  ( 24 min )

A wirehouse is a term describing a full-service brokerage firm.  ( 19 min )

Whether a creditor can seize your retirement savings will depend on the type of account in which you are holding your money and the type of creditor.  ( 19 min )

When required payments on federally-held student loans resume this September, borrowers will have $5 billion a month less to spend on other things, putting stress on an economy already facing the prospect of a recession.  ( 17 min )

As the EU officially signs MiCA regulation into law, an EU Parliamentary study suggests crypto assets should be treated as securities by default. Is it vindication for SEC chair Gensler?  ( 17 min )

The inflation-adjusted return is a measure that accounts for the return period's inflation rate.  ( 24 min )

The questions financial advisors ask can help them build trust and better understand their client’s needs. Here are ten key questions to ask up front.  ( 24 min )

The World Economic Forum (WEF) holds a yearly conference in Davos, Switzerland, for leaders in business and politics to discuss global issues.  ( 22 min )

Winning the lottery can be a dream come true and a nightmare. Understand the taxes and hidden costs when claiming your prize, and prepare ahead for possible missteps.  ( 28 min )

A Supreme Court ruling has made it harder for investors to sue over direct listing stock offerings, potentially making them a more appealing option for companies going public.  ( 18 min )

Reverse mortgages have two primary criteria—you must be at least 62 years old and you must own a significant amount of equity in your home.  ( 24 min )

Meta Platforms Inc. unveiled its latest virtual reality (VR) headset Thursday, just days before Apple Inc. is expected to jump into the ring with its own augmented reality headset.  ( 17 min )

U.S. equities gained at midday on Thursday, June 1, 2023 following House passage of the debt ceiling bill.  ( 16 min )

Tear sheets are used to describe S&P's summary sheets for public companies in the days before the internet.  ( 19 min )

Nordstrom reported a surprise quarterly profit and better-than-expected revenue.  ( 16 min )

Borrowers could lower their monthly mortgage payments without having to refinance at decades-high interest rates under a new proposal from the Federal Housing Authority.  ( 17 min )

While a debt consolidation loan can be a personal loan, business debt consolidation loans are also available. Additionally, there are more kinds of personal loans than just debt consolidation loans.  ( 21 min )

Salesforce shares dropped after the cloud-based enterprise software provider reported higher-than-expected spending and warned of changes in customer buying behavior.  ( 16 min )

Balance transfers and personal loans can help improve your finances, but they are different products. A balance transfer focuses on moving your debt from one creditor to another, usually for a lower interest rate, while a personal loan is a new debt.  ( 22 min )

Although most negative information stays on your credit report for seven years, there are exceptions you should be aware of.  ( 24 min )

A direct public offering (DPO) is an offering where the company offers its securities directly to the public without financial intermediaries.  ( 26 min )

Southwestern Energy, Mirati Therapeutics, and First Solar are top US stocks Russell 3000 in June 2023 for value, growth, and momentum, respectively.  ( 23 min )

Elon Musk has once again become the world's richest person as a sputtering Chinese economy hurts Bernard Arnault's luxury goods empire.  ( 16 min )

Rates on 30-year mortgages fell for a second day in a row, now down 36 basis points from Friday's high. All other purchase rates, except for 7/6 ARM loans, were also down.  ( 20 min )

When you add a teen to your car insurance policy, you can expect to costs to rise. How much your car insurance rates will rise will depend on a number of factors.  ( 24 min )

Divorce is hard. Here's a step-by-step look at how the divorce process works, from separations to filing the divorce petition to finalizing the judgment.  ( 24 min )

A bill suspending the nation’s debt ceiling until 2025 is now in the hands of the Senate, a major step toward averting a government default that threatened economic catastrophe.  ( 17 min )

A triggering term is a word or phrase that requires the presentation of the terms of a credit agreement when used in advertising literature.  ( 22 min )

The House sends the debt ceiling bill to the Senate and the ADP is expected to report private payroll job growth slowed in May. Here’s what investors need to know today.  ( 18 min )

The last time mortgage lenders did this little business, Bill Clinton was president, there was no such thing as an iPod, and a typical house cost $147,000.  ( 16 min )

A credit review is a periodic assessment of an individual’s financial profile, often used to determine a potential borrower's credit risk.  ( 24 min )

The Dow Jones Industrial Average moved higher by more than 0.5%, or 153 points, as investors celebrated the House of Representatives passage of the debt-ceiling bill, which now goes to the Senate.  ( 1 min )

Markets gained on Thursday, June 1, 2023 as bipartisan plan to raise the debt ceiling advances in Congress.  ( 1 min )

U.S. equities gained at midday on Thursday, June 1, 2023 following House passage of the debt ceiling bill.  ( 1 min )

Nordstrom reported a surprise quarterly profit and better-than-expected revenue.  ( 1 min )

The House sends the debt ceiling bill to the Senate and the ADP is expected to report private payroll job growth slowed in May. Here’s what investors need to know today.  ( 1 min )

Nederlanders hebben ook in 2022 meer schone energie verbruikt dan het jaar ervoor. Vooral het gebruik van zonnepanelen zit in de lift. Biomassa is juist minder verstookt en ook het gasverbruik - dat niet duurzaam is - is flink gedaald. Dat blijkt uit cijfers van statistiekbureau CBS.  ( 3 min )

Gerard Sanderink is in zeven maanden tijd bij twee van zijn bedrijven buitenspel gezet door de rechter. Hoe kan dit als de omstreden miljonair volledig eigenaar en bestuursvoorzitter van Strukton is en dat eerder van Centric was?  ( 7 min )

Sander Schimmelpenninck en Eline Hintzen, achterkleindochter van Frits Philips, zoeken uit wat er is overgebleven van de nalatenschap van de familie Philips. In de vierde aflevering kijken ze naar de grote impact die Philips heeft gehad op Eindhoven. De komende weken zie je iedere donderdag vanaf 17.00 uur een nieuwe aflevering op NU.nl.  ( 3 min )

De casino's van het Aziatische gokparadijs Macau draaien weer als vanouds. De omzet steeg in mei met maar liefst 366 procent tot 1,93 miljard dollar (1,8 miljard euro). Dat is het hoogste niveau sinds het begin van de coronacrisis in januari 2020.  ( 2 min )

De inflatie in de eurozone is nog steeds te hoog, waardoor een strikter monetair beleid noodzakelijk is. Dat heeft president Christine Lagarde van de Europese Centrale Bank (ECB) donderdag gezegd.  ( 3 min )

Sander Schimmelpenninck en Eline Hintzen, achterkleindochter van Frits Philips, zoeken uit wat er is overgebleven van de nalatenschap van de familie Philips. In de vierde aflevering kijken ze naar de grote impact die Philips heeft gehad op Eindhoven. De komende weken zie je iedere donderdag vanaf 17.00 uur een nieuwe aflevering op NU.nl.  ( 3 min )

De inflatie is afgelopen maand wéér gestegen, maar experts zien geen reden tot paniek. De dalende energiekosten en goede oogsten voorspellen dat de markt weer tot rust kan komen. Maar door vertragingen in de voedselketen betaal je in de supermarkt nog wel de volle mep.  ( 6 min )

Een meerderheid van de twaalfduizend werknemers in de Nederlandse zuivelindustrie gaat akkoord met de nieuwe cao. Dat betekent dat de lonen met bijna 12 procent omhooggaan en nieuwe stakingen definitief van de baan zijn.  ( 3 min )

Ondernemer Gerard Sanderink is langer geschorst als topman van bouwbedrijf Strukton. Rechters hebben het beheer over zijn aandelen in dat bedrijf en holdingmaatschappij Oranjewoud overgedragen aan iemand anders.  ( 2 min )

Zelfstandigen betalen straks gemiddeld 225 euro per maand voor een verplichte arbeidsongeschiktheidsverzekering. Dat verwacht minister Karien van Gennip (Sociale Zaken). Voor zelfstandigen met lagere inkomens valt de premie lager uit. Ook is het bedrag aftrekbaar van de belasting.  ( 3 min )

De Eerste Kamer stemde dinsdag in met de nieuwe pensioenwet. In het nieuwe stelsel wordt 1.500 miljard euro verdeeld in twintig miljoen persoonlijke pensioenpotjes. Daardoor gaat je pensioen sneller omhoog óf omlaag. Op het nieuwe pensioenstelsel werd op ons reactieplatform NUjij flink gereageerd. Veel NUjij'ers hadden hierbij de nodige vragen. Economieredacteur Thijs Rösken geeft antwoord.  ( 5 min )

Autofabriek VDL Nedcar gaat in november al een groot deel van het personeel ontslaan. Duizend werknemers en nog eens 800 uitzendkrachten die in Born in Limburg werken, moeten in het najaar vertrekken. Dat terwijl de fabriek nog tot maart 2024 MINI's maakt voor BMW.  ( 5 min )

Verzekeraar Allianz ziet dat er steeds meer branden zijn op schepen. Vorig jaar waren er ruim tweehonderd incidenten, het grootste aantal in tien jaar. Acht schepen gingen hierbij verloren. De oorzaak wordt onder meer gezocht in het groeiende transport van goederen met batterijen, zoals elektrische auto's.  ( 4 min )

De wereldwijde capaciteit van duurzame energie groeit dit jaar naar verwachting met 440 gigawatt. Het is de grootste groei ooit, meldt energieagentschap IEA donderdag. Dat de groei versnelt, komt onder meer door subsidies, hoge prijzen voor fossiele energie en het dichtdraaien van de gaskraan door Rusland.  ( 4 min )

In bijna alle Europese landen stijgen prijzen steeds minder hard. Daarop is één uitzondering: Nederland. In ons land lopen prijzen juist weer harder op.  ( 3 min )

Het overgrote deel van de werknemers in de distributiecentra van Albert Heijn heeft ingestemd met de nieuwe cao. Stakingen zijn daarmee definitief van de baan, laten de vakbonden FNV en CNV donderdag weten.  ( 3 min )

KPN vraagt vanaf 1 juli gemiddeld 3,17 euro meer per maand voor zijn internetpakketten. De telecomprovider verhoogt de prijs vanwege de hoog opgelopen inflatie.  ( 3 min )

Tesla-topman en Twitter-eigenaar Elon Musk is weer de rijkste persoon op aarde. Hij neemt het stokje over van Bernard Arnault, de Franse bestuurder van luxeconcern LVMH, bekend van kledingmerk Louis Vuitton en Moët & Chandon-champagne.  ( 3 min )

De wereldwijde capaciteit van duurzame energie groeit dit jaar naar verwachting met 440 gigawatt. Het is de grootste groei ooit, meldt energieagentschap IEA donderdag. Dat de groei versnelt, komt onder meer door subsidies, hoge prijzen voor fossiele energie en het dichtdraaien van de gaskraan door Rusland.  ( 4 min )

Amazon heeft in de Verenigde Staten een schikking van omgerekend bijna 29 miljoen euro getroffen. Toezichthouder FTC had een zaak tegen het techbedrijf aangespannen. Amazon zou met zijn Ring-videodeurbellen en slimme Alexa-luidsprekers de privacy van gebruikers schenden.  ( 3 min )

Prijzen van goederen en diensten waren vorige maand 6,1 procent hoger dan een jaar eerder. Dat is een grotere stijging dan in april, toen de inflatie uitkwam op 5,2 procent. Dat blijkt uit cijfers van statistiekbureau CBS.  ( 3 min )

Vroeger werden vooral geteeld in Zeeland en Flevoland, nu is de uienteelt ook populair in andere delen van Nederland. Steeds meer boeren verbouwen uien.  ( 3 min )

Een meerderheid in het Amerikaanse Huis van Afgevaardigden heeft gestemd voor de verhoging van het schuldenplafond van de overheid. De onlangs gesloten deal is daarmee goedgekeurd door het parlement in de Verenigde Staten.  ( 3 min )

Jongeren die hun eerste huis willen kopen, kunnen de hypotheekadviseur links laten liggen en bij een robotadviseur aankloppen. Een computermodel van De Hypotheekshop zegt op basis van een algoritme welke hypotheek bij welke bank ze moeten nemen.  ( 5 min )

De krapte op de arbeidsmarkt houdt de komende jaren aan. In sectoren als de zorg, ICT, techniek en het onderwijs is sprake van een structureel tekort aan personeel. Ook is er veel behoefte aan vakmensen vanuit het mbo, zoals loodgieters.  ( 5 min )

Hormel beats profit estimates, sending shares higher.  ( 1 min )

Salesforce shares dropped after the cloud-based enterprise software provider reported higher-than-expected spending and warned of changes in customer buying behavior.  ( 1 min )

(Bloomberg) -- C3.ai Inc. plunged more than 15% in extended trading after providing a fiscal-year revenue outlook that fell short of analysts’ estimates, fueling concerns the artificial intelligence software company is not living up to the investor enthusiasm that has seen its stock price more than triple this year.Sales will increase 11% to 20% to a midpoint of $307.5 million in the fiscal year ending April 2024, the Redwood City, California-based company said Wednesday in a statement. Analysts  ( 7 min )

(Bloomberg) -- Salesforce Inc. isn’t growing as fast as it used to while the software company shifts its focus to generating higher profits instead. Investors are concerned.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapDebt-Limit Deal Wins House Passage, Easing US Default ConcernsHedge Funds Are Deploying ChatGPT to Handle All the Grunt WorkElon Musk Again World’s Richest Person as Arnault’s LVMH SinksTh  ( 8 min )

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The electric vehicle boom isn’t just about passenger cars and trucks, it’s also about the millions of speedboats and other recreational boats  ( 18 min )

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C3.ai shares were punished by investors on Thursday after the company failed to deliver the kind of blowout numbers recently reported by some peers in the AI race.  ( 8 min )

C3.ai posted better than expected fourth quarter earnings on Wednesday, but shares of the company fell more than 12% in after hours trading.  ( 8 min )

Elon Musk expects residential and commercial property values to slide as higher interest rates, recession fears, and tighter lending take their toll.  ( 7 min )

Amid turnaround efforts, the company lifts its margin goals for the year.  ( 26 min )

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The pet-product retailer reported a surprise profit.  ( 22 min )

Advance Auto Parts plunged 35% after cutting the company cut its dividend and slashed its full year guidance.  ( 7 min )

Fears of a recession causing havoc to the markets are not reserved solely to the average investor. Even some of Wall Street’s most lauded stock pickers are worried about the implications. Citing an unnerving disconnect between the current positioning of stocks and bonds – essentially, the bond market pricing in a recession while stocks appear to factor in a more optimistic outlook – billionaire Cliff Asness thinks things could get hairy if a recession comes into play. “If inflation stays sticky  ( 10 min )

The identity management software company posted April quarter results that topped guidance for sales and earnings.  ( 25 min )

Dow had previously projected revenue for the ongoing quarter in the range of $11.75 billion to $12.25 billion. At a Bernstein conference, Dow flagged that demand in China continues to be "uneven", and said it witnessed lower-than-expected demand for home appliances and building materials in April. Weaker demand in other sectors affect Dow, which sells its products such as coatings and adhesives to industries ranging from automobiles and food packaging to electronics.  ( 6 min )

US stocks closed lower Wednesday as investors kept a watchful eye on the prospects for the debt-limit deal in an expected House floor vote later. Meanwhile, strong US jobs data and China’s economic woes pressured global markets.  ( 9 min )

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The electric, autonomous air taxi start-up is now a wholly owned subsidiary of Boeing.  ( 22 min )

The question isn't so easy to answer. A look at the auto maker's stock charts can help.  ( 22 min )

Intel was best-performing stock in the DOW after the company said current quarter revenue would be at the high end of its guidance.  ( 16 min )

Stocks have climbed in 2023 after suffering through a bear market in 2022. But according to legendary investor Jim Rogers, the next downturn could be more painful. In a recent interview with Real Vision, Rogers explained why his outlook is so bleak. “[In] 2008, we had a bear market because of too much debt,” he said. “Look out the window since 2008, debt everywhere has skyrocketed.” And that does not bode well for investors. “It’s a simple statement that the next bear market will be the worst in  ( 8 min )

Walmart is raising wages for thousands of U.S. pharmacists and optometrists, the retailer said on Wednesday, part of its broader plan to expand primary care services across the country. The Bentonville, Arkansas-based chain said about 3,700 pharmacists would get a bump in pay starting on Wednesday, bringing their total annual average pay to more than $140,000, excluding bonuses and incentives. More than 4,000 opticians will also receive fatter paychecks, with their average hourly pay rising to more than $22.50 with this investment, Walmart executives wrote in a blog post.  ( 7 min )

The student loan moratorium has weighed on SoFi shares for nearly two years. Investors are betting that headwind may soon be out of the way thanks to the new debt ceiling deal.  ( 8 min )

Nvidia CEO Jensen Huang urged businesses and workers to take advantage of A.I. to “supercharge” their performance.  ( 8 min )

Advance Auto Parts continues to struggle amid higher costs and inflationary pressures, opening a door for its competitors.  ( 14 min )

The U.S. Federal Trade Commission filed a lawsuit on Wednesday against Amazon.com's doorbell camera unit Ring, according to a filing with the U.S. District Court for the District of Columbia. The FTC said Ring gave employees unrestricted access to customers' sensitive video data said "as a result of this dangerously overbroad access and lax attitude toward privacy and security, employees and third-party contractors were able to view, download, and transfer customers' sensitive video data for their own purposes."  ( 5 min )

Target said on May 24 that it had removed some Pride Month-related offerings and changed its LGBTQ-friendly merchandise assortment after a backlash.  ( 22 min )

A wave of corporate defaults is looming, with the U.S. expected to be hit harder than Europe, Deutsche Bank said in a Wednesday report. Its strategists forecast that credit losses will rise steadily this year, before picking up more sharply in 2024, when they expect a recession in the U.S. "Our cy  ( 20 min )

Nielson data through May 20 shows that Bud Light volume declines are continuing to accelerate, slumping 27.2%, compared with a 25% fall the prior week.  ( 22 min )

Software firm C3.ai reports earnings after the close Wednesday, one day after a 33% spike in the company's share price amid an investor frenzy for artificial-intelligence stocks.  ( 22 min )

The first half of the year has been bright for Microsoft—and Wall Street is paying close attention.  ( 22 min )

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US stocks traded down Wednesday as investors kept a watchful eye on the prospects for the debt-limit deal in an expected House floor vote later. Meanwhile, US jobs data and China’s economic woes pressured global markets.  ( 9 min )

Exxon Mobil Corp. shareholders on Wednesday overwhelmingly supported the company's views on climate reports and strategies, rejecting proposals for report on methane, greenhouse gas reporting and oil-spill preparations by a wide margin. None of the initiative proposals received more than 36% of votes cast, according to early results at the online shareholder meeting. Results showed a lessening of support for proposals designed to strengthen oil and gas firms contributions to tackling climate change.  ( 7 min )

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Advance Auto Parts plunges more than 30% after cutting its dividend and slashing its full year guidance.  ( 7 min )

SoFi Technologies shares rose amid optimism the online financial firm could benefit from a provision in the government debt ceiling agreement reinstating student loan repayments.  ( 18 min )

My company provides both a traditional and Roth 401(k) option. My question is whether I should contribute to a traditional 401(k), Roth 401(k) or a mix of both. I am 31 years old, single and live in San Francisco. My … Continue reading → The post Ask an Advisor: I'm 31, Make $80k Per Year and Have About $250k in Assets. Should I Switch to a Roth 401(k)? appeared first on SmartAsset Blog.  ( 9 min )

The boom in chip maker's stock has Wall Street wondering where they will go next. Technical analysis is a good place to start figuring that out.  ( 22 min )

Software giant Salesforce had a blockbuster January quarter. It reports earnings for the April quarter on Wednesday, after the market closes.  ( 22 min )

NYU's Aswath Damodaran explains why Nvidia doesn’t belong in the trillion-dollar club.  ( 23 min )

A single deal with Elon Musk's Tesla Inc. propelled a little-known family to a staggering $1.2 billion fortune. Don’t Miss: Thanks to changes in federal law, anyone can invest in EV startups L&F Co. Ltd., a South Korean company that produces high-nickel cathodes for electric vehicle batteries, received a $2.9 billion order from the electric car maker, causing its share price to soar 82% in the past year. As a result, the listed holdings of Hur Jae-hong and his family, the owners of L&F, have sur  ( 8 min )

Occidental Petroleum Corp (NYSE: OXY) stock is down Wednesday as Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) ramps up its stake in the oil company. The Warren Buffett-backed conglomerate owns 24.9% of Occidental Petroleum after buying about $275 million of stock in the energy company recently, Barron's reports. The firm procured 4.66 million shares of Occidental Petroleum on Thursday, Friday, and Tuesday in the open market, bringing its total ownership to 222 million shares worth $13 bill  ( 7 min )

Toyota will invest another $2.1 billion in an electric and hybrid vehicle battery factory that's under construction near Greensboro, North Carolina. The plant will supply batteries to Toyota's huge complex in Georgetown, Kentucky, which will build Toyota's first U.S.-made electric vehicle, a new SUV with three rows of seats. The plans, announced Wednesday, won't immediately create any more jobs at either the Kentucky or North Carolina factories.  ( 8 min )

Investors are constantly looking for stocks that will yield massive returns. That being said, finding these stocks can seem like an overwhelming task. Not to mention it can be expensive. Some of the most well-known names like Amazon and Alphabet can put you out thousands of dollars for just a single share. However, snapping up stocks with strong long-term growth prospects doesn’t have to cost you your entire savings. Defined these days as stocks priced under $5 per share, the penny stocks offer  ( 10 min )

The regulator said thousands of banks lost $472 billion in deposits during the first quarter, the biggest drop since it began collecting such data in 1984.  ( 9 min )

U.S. stock indexes fell on Wednesday as a deal to raise the nation's debt ceiling headed for a pivotal vote by lawmakers, while unexpectedly strong labor market data reinforced bets of another interest rate hike by the Federal Reserve. A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later on Wednesday.  ( 8 min )

A consumer backlash to Bud Light beer has spread to other Anheuser-Busch beers, according to a Bank of America report, further dragging down shares that have been sliding since the start of May. Bud Light sales vo  ( 21 min )

NEW YORK (Reuters) -JPMorgan Chase & Co's former general counsel Stephen Cutler wrote in a 2011 email that the late financier and sex offender Jeffrey Epstein should not be a client of the bank, according to a transcript of a deposition of Chief Executive Jamie Dimon seen by Reuters. The largest U.S. bank faces lawsuits seeking damages by women who claim that Epstein sexually abused them, and by the U.S. Virgin Islands, where the late financier had a home. Epstein was a JPMorgan client from 2000 to 2013, remaining so after pleading guilty in 2008 to a Florida state prostitution charge.  ( 7 min )

US stocks opened lower Wednesday morning, as investors kept a watchful eye on the prospects for the debt-limit deal in an expected House floor vote later. Meanwhile, China’s economic woes pressured global markets.  ( 8 min )

The analysts from J.P. Morgan upgraded Chevron's stock to Neutral after keeping it at Sell equivalent for more than a year.  ( 22 min )

Retirement isn't always planned. For most people, reaching retirement age means finishing a lifetime of hard work. They have saved up enough to rest and enjoy their days without a daily grind. That isn't always the case though. Occasionally someone … Continue reading → The post How to Handle a Forced Retirement appeared first on SmartAsset Blog.  ( 11 min )

AI remained in focus Wednesday, playing a role in some of the day's notable moves.  ( 23 min )

As beer drinkers walk by fully stacked shelves of Bud Light, more and more Americans are reaching for Modelo Especial following controversy over a transgender influencer.  ( 8 min )

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HP Inc. is plotting an AI future as sales of PCs continue to be under pressure.  ( 8 min )

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Investors have gotten too bearish on Covid-19 vaccine-makers.  ( 26 min )

Most totalitarian regimes never prosper for more than a generation or two. The parasitic behaviors of such governments eventually drain the economy.  ( 12 min )

Activist hedge fund Legion Partners has met with the board and management of the software company.  ( 22 min )

US stock futures drifted downward Wednesday morning as investors kept a watchful eye on the debt-limit deal ahead of the House floor vote. However, China’s economic woes pressured global markets.  ( 8 min )

The company also cut its full-year sales forecast and quarterly cash dividend. "We expect the competitive dynamics we faced in the first quarter to continue, resulting in a shortfall to our 2023 expectations," Chief Executive Officer Tom Greco said in a statement.  ( 7 min )

Former top JPMorgan executive Jes Staley said in legal documents that he communicated with CEO Jamie Dimon about the bank’s business with convicted sex offender Jeffrey Epstein.  ( 29 min )

Oil prices will creep up from current levels as major producer group OPEC+ maintains restrictions on supplies, but economic headwinds will keep them below $90 a barrel this year, a Reuters poll showed on Wednesday. Most analysts expect oil to trade around the $80-level per barrel this year, with data and analytics firm Kpler noting that "macroeconomic concerns are a major driver of crude prices this year, overshadowing relatively tight fundamentals." West Texas Intermediate (WTI) U.S. crude is expected to average $79.20 a barrel in 2023, down from the previous month's $82.23 consensus.  ( 7 min )

Oil from Texas will soon be part of the calculation known as Brent crude.  ( 28 min )

(Bloomberg) -- Whether they favor debt-limit brinkmanship or not, most Americans are alarmed by the level of US government borrowing. Treasury Secretary Janet Yellen isn’t one of them.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesTwitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity SaysMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatPutin Orders Tighter Defenses After Drone Strikes on MoscowJPMorgan Builds Unit for Wo  ( 8 min )

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JPMorgan's CEO is currently in Shanghai for a series of conferences, in his first visit to mainland China since the COVID pandemic.  ( 8 min )

Hundreds of Credit Suisse's employees are resigning each week in a sign of uncertainty gripping the lender while it is being taken over by rival UBS, two people familiar with the matter said on Wednesday. Credit Suisse bankers, worried about their future are seeking safer employment at competitors, one person said. Swiss newspaper Blick reported earlier on Wednesday that each day around 150 people worldwide were resigning from Credit Suisse while one of the two people said they saw about 200 resignations a week.  ( 7 min )

Nvidia founder and CEO Jensen Huang Jen-hsun said China's ability to catch up in chip technology should not be underrated, as the country pours massive resources into shoring up the sector amid mounting export restrictions by the US and its allies. The world's most valuable chip maker, which has been barred by Washington from selling its most advanced chips to customers in China, must "run very fast" to stay competitive, Huang told reporters at a round table at Computex Taipei, an annual technol  ( 8 min )

(Bloomberg) -- China’s economic mire reverberated beyond the country’s domestic markets, with Asian stocks falling along with US and European futures Wednesday.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatStock Rally Loses Steam After AI-Fueled Euphoria: Markets WrapJPMorgan Builds Unit for World’s Richest Families in Wealth Bet  ( 9 min )

(Bloomberg) -- China’s economic recovery weakened in May as manufacturing activity continued to slump, prompting investors to dump stocks and call for more stimulus measures to boost growth.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowTwitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity SaysJPMorgan Builds Unit for World’s Richest Families in Wealth BetMcCarthy Confident on  ( 8 min )

Here’s an options strategy for aggressive investors who want to harness Nvidia’s surge.  ( 22 min )

Millennials may no longer be the economic victims of years past. While they're making up lost ground, three major hurdles still stand in their way.  ( 10 min )

(Bloomberg) -- A key gauge of Chinese stocks was again poised to enter a bear market after flirting with the milestone Tuesday, as a weak economic recovery and tensions with the US continued to exert pressure. Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatStock Rally Loses Steam After AI-Fueled Euphoria: Markets WrapNvidia Touche  ( 6 min )

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(Bloomberg) -- Cathie Wood said software providers will be the next to ride on the artificial intelligence frenzy driven by Nvidia Corp.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatStock Rally Loses Steam After AI-Fueled Euphoria: Markets WrapNvidia Touches $1 Trillion Mark After Beating Rivals to AI“We are looking to the softwa  ( 7 min )

(Bloomberg) -- Former Treasury Secretary Lawrence Summers sees US interest rates headed higher in the short-run and US taxes rising significantly in the longer run as the world’s biggest economy comes to grips with a persistent inflation problem and burgeoning government debt.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatStock Ra  ( 7 min )

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The shortened week kicked off with one big crisis averted for now. During the long weekend, an agreement was reached between President Biden and House Majority Leader McCarthy that should go toward resolving the debt ceiling. Oppenheimer’s Chief Investment Strategist John Stoltzfus expects a positive reaction to the progress being made to get the deal done. “In our view this portends well for the US and the markets even while it doesn’t eliminate the potential for angst near term as the agreemen  ( 10 min )

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A held order is a market order that requires prompt execution for an immediate fill.  ( 18 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

Impaired credit refers to a deterioration in the creditworthiness of an individual, business, or other entity, reflected in a lower credit score or credit rating.  ( 23 min )

A strategy for becoming debt-free, the debt snowball starts with paying off the smallest debt first and working up from there.  ( 22 min )

A standby line of credit is a sum of money that a business or individual borrower can draw from as needed, either partially or in full.  ( 22 min )

Here are four simple ways to build a solid credit history and good credit score whether you're starting from scratch or trying to start over.  ( 23 min )

A credit report is a detailed breakdown of an individual's credit history, compiled by one of the three major credit bureaus.  ( 23 min )

Business and consumer credit reports have similar purposes: to inform prospective lenders about an applicant's creditworthiness, but they differ in some key respects.  ( 22 min )

Re-aging debt refers to a restart of the clock on an old debt's statute of limitations, allowing the creditor or debt collector to sue the debtor.  ( 23 min )

Lifetime cost is how much it costs to own a particular item, including the initial purchase price, spread over the lifetime of that item.  ( 22 min )

Klarna offers "buy now, pay later" (BNPL) services allowing shoppers to make purchases from online retailers and physical stores without paying the entire amount upfront.  ( 24 min )

Credit references are often required by lenders and landlords. Here are three common types and how to obtain them.  ( 24 min )

The Dow Jones Industrial Average fell about 0.4%, or 134 points, ahead of a key vote in the House of Representatives to extend the U.S. debt limit.  ( 17 min )

Rates on 30-year mortgages took a major step down, following a two-week surge. The large one-day reversal erased two days of gains, but the average remains elevated.  ( 19 min )

Want to learn how to build a diverse portfolio and invest wisely? Compare the best online brokers for beginners based on usability, pricing, customer service, and more.  ( 31 min )

The statutory debt limit, also called the debt ceiling, is the limit to the amount that the U.S. Treasury can borrow to meet its obligations.  ( 23 min )

Stocks fell on Wednesday, May 31, 2023 as investors await the outcome of a vote in the House on a bill to raise the debt ceiling and avoid default.  ( 16 min )

Hewlett Packard Enterprise misses sales and guidance estimates, sending shares lower.  ( 16 min )

The Mississippi bubble is actually more of a currency blunder than a true speculative bubble.  ( 24 min )

Intel was best-performing stock in the DOW after the company said current quarter revenue would be at the high end of its guidance.  ( 16 min )

The illusory truth effect is an inclination to believe something after hearing it repeatedly, which can lead to the spread of misinformation and may be harmful to investors.  ( 23 min )

If confirmed, she will be the first Latina member of the Federal Reserve's Board of Governors.  ( 22 min )

Normalcy bias is a predisposition to believe that the status quo will remain in effect, which can lead to poor investment decisions.  ( 21 min )

Maturity transformation occurs when banks borrow from the short-term debt market and use those funds to extend long-term loans.  ( 23 min )

Institutional Shareholder Services (ISS) advises institutional investors on corporate governance issues, helping clients develop proxy voting strategies.  ( 22 min )

The illusion of control bias is a type of cognitive bias that causes individuals to overestimate their ability to control events that are actually uncertain.  ( 23 min )

Bitcoin, bitcoin cash, bitcoin gold, and other variations can be hard to keep straight.  ( 25 min )

If you need cash in a hurry, your credit card probably is not the best choice. For quick cash, consider options that may be better than a costly credit card advance.  ( 24 min )

Associate in Insurance Services (AIS) is a designation earned by insurance professionals and conferred by The Institutes.  ( 18 min )

Low inventory, rising rates cause purchases to fall.  ( 17 min )

Twitter, now X Holdings Corp., is a private company but a Fidelity investment fund cut the valuation of its holding, implying the company is worth 33% of Musk's purchase price.  ( 17 min )

Choosing homeowners insurance is easy as long as you know what you need, the options available, how to save money, and the best home insurance companies to choose from.  ( 23 min )

The average monthly home insurance premium was $1,311 in 2020. See the average home insurance costs in all 50 states and learn how to save money on your policy.  ( 23 min )

Worried about being covered by insurance for a wildfire? Here's what you need to know about wildfire insurance.  ( 21 min )

Homeowners insurance covers the home, your personal property, and liability claims. Find out if you need a special policy to insure a modular or manufactured home.  ( 23 min )

Many airlines offer refundable and non-refundable tickets. Here is some background on refundable and non-refundable flights, plus five U.S. airlines' refund policies.  ( 23 min )

Cable and utility bills generally aren't included in your credit report or reflected in your credit score, unless your payments are seriously delinquent.  ( 22 min )

Compound interest is one of the most powerful ways to save money. By opening a compound interest account in 2023, you can save money faster by accumulating interest.  ( 26 min )

A corridor deductible is expenses paid by the insured in excess of coverage limits, but before the threshold at which additional coverage is available.  ( 18 min )

Markets were down in midday trading on Wednesday, May 31, 2023 ahead of key vote on raising U.S. debt ceiling.  ( 16 min )

Meta hit the $1 trillion level most quickly, but couldn’t stay there, while Apple was the first to get there, and has kept growing.  ( 16 min )

The job market was supposed to be cooling down—instead, it heated up in April, with the number of job openings rising, breaking a three-month downtrend.  ( 16 min )

SoFi Technologies shares rose amid optimism the online financial firm could benefit from a provision in the government debt ceiling agreement reinstating student loan repayments.  ( 16 min )

Advance Auto Parts posted earnings well below estimates, and reduced its full-year profit and sales guidance.  ( 16 min )

Looking to buy dividend stocks? This article provides a comprehensive guide on how to identify, evaluate, and purchase stocks that pay out regular dividends.  ( 24 min )

An oral contract is a type of business agreement that is spoken, not captured in writing.  ( 20 min )

Ansys, Materialise, and Faro Technologies lead the industry in revenue growth.  ( 19 min )

When your car loan is charged off, your credit report will take a negative hit and your car could be repossessed. Meanwhile, you will continue to owe the loan amount.  ( 22 min )

The cost to charge electric vehicle (EV) on a road trip will vary based on a number of factors. Here's how to estimate how much your trip will cost.  ( 23 min )

Dutch Bros, Starbucks, and J.M. Smucker lead the industry in revenue growth  ( 20 min )

The Consumer Financial Protection Bureau (CFPB) Wednesday fined OneMain Financial $20 million after the government watchdog discovered deceptive sales practices at the loan provider.  ( 17 min )

The foreign exchange market is the largest and most liquid market in the world and is open 24 hours a day. Learn what it takes to trade the world's many currencies.  ( 29 min )

The gold-silver ratio describes how much silver it takes to buy an ounce of gold. It may seem arcane, but many strategies rely on trading this ratio.  ( 25 min )

Nvidia hit a $1 trillion in market cap after the company followed up its blockbuster earnings with the launch of a new supercomputer and AI partnerships, but analysts remain divided whether Nvidia shares are overpriced.  ( 17 min )

Personal consumption expenditures is a measure of consumer spending and includes all goods and services bought by U.S. households. Learn more about PCE and how it's used.  ( 28 min )

The House is set to vote on the debt ceiling deal and the Labor Department is expected to report fewer job openings. Here’s what investors need to know today.  ( 18 min )

Het merendeel van de aandeelhouders van ExxonMobil heeft voorstellen afgewezen om het Amerikaanse olieconcern te dwingen meer te doen voor het klimaat. ExxonMobil heeft als enige van de vijf grote westerse oliemultinationals geen klimaatdoelstelling voor 2030.  ( 3 min )

Wie wil wisselen van energieleverancier kan vanaf vandaag weleens fors duurder uit zijn. Dan gaan nieuwe regels in voor het opzeggen van vaste energiecontracten, waardoor consumenten flink de portemonnee moeten trekken. Voordeel is dat er weer verschillende vaste contracten zijn waar je uit kunt kiezen.  ( 5 min )

Slachthuizen komen onder verscherpt toezicht te staan om de "structurele dierenmishandeling" in de sector tegen te gaan. Dat heeft minister Piet Adema (Landbouw, Natuur en Voedselkwaliteit) woensdag gezegd in de Tweede Kamer.  ( 3 min )

KLM houdt zich niet aan voorwaarden die zijn verbonden aan de staatssteun die het bedrijf tijdens de coronacrisis kreeg, volgens de staatsagent. Het bedrijf keert alweer winstdelingen uit, geeft nog steeds belastingvoordelen aan personeel in het buitenland en piloten hebben te weinig salaris ingeleverd.  ( 5 min )

KLM houdt zich niet aan voorwaarden die zijn verbonden aan de staatssteun die het bedrijf tijdens de coronacrisis kreeg, volgens de staatsagent. Het bedrijf keert alweer winstdelingen uit, geeft nog steeds belastingvoordelen aan personeel in het buitenland en piloten hebben te weinig salaris ingeleverd. Dat zegt de controleur van de overheid.  ( 5 min )

De prijzen in Duitsland, Frankrijk, Spanje en Italië zijn in mei minder hard gestegen dan in april. De inflatie is vooral door de dalende energieprijzen afgenomen. Maar de prijzen van voedingsmiddelen zijn deze maand wel hard omhooggegaan.  ( 3 min )

Luchtvaartmaatschappij Air New Zealand weegt sinds deze week voor vertrek passagiers op internationale vluchten. Het bedrijf wil zo het gemiddelde gewicht van de reizigers achterhalen.  ( 3 min )

De lonen in nieuwe cao's zijn in mei gemiddeld met 7,8 procent gestegen en dat is opnieuw een historisch hoogtepunt. De loonstijging ligt daarmee boven de inflatie, die in april 5,2 procent bedroeg.  ( 3 min )

Minister Sigrid Kaag van Financiën werkt aan wetgeving om de toegang tot contant geld veilig te stellen. Deze wet gaat de huidige vrijblijvende afspraken met banken vervangen.  ( 3 min )

Wie wil wisselen van energieleverancier kan vanaf morgen weleens fors duurder uit zijn. Dan gaan nieuwe regels in voor het opzeggen van vaste energiecontracten, waardoor consumenten flink de portemonnee moeten trekken. Voordeel is dat er weer verschillende vaste contracten zijn waar je uit kunt kiezen.  ( 5 min )

De lonen in nieuwe cao's zijn in mei gemiddeld met 7,8 procent gestegen en dat is opnieuw een historisch hoogtepunt. De loonstijging ligt daarmee boven de inflatie, die in april 5,2 procent bedroeg.  ( 3 min )

Gisteravond stemde de Eerste Kamer in met de hervorming van ons pensioenstelsel. Vanaf 2028 zien de pensioenen er heel anders uit. Zo wordt 1.500 miljard euro verdeeld over individuele potjes in plaats van via een fonds. Ook gaat je pensioen sneller omhoog of omlaag. Via ons reactieplatform NUjij zijn al veel vragen over dit nieuwe stelsel gesteld. Welke vragen heb jij nog? Stel ze hier.  ( 2 min )

Tweede Kamervoorzitter Vera Bergkamp roept Twitter op om belediging en bedreiging van Tweede Kamerleden aan te pakken. Het sturen van bedreigende en gewelddadige tweets naar Kamerleden is in veel gevallen strafbaar.  ( 3 min )

De Turkse lira is woensdag opnieuw minder waard geworden ten opzichte van de dollar en euro vanwege zorgen over de economische koers van het land. De vraag is namelijk of president Recep Tayyip Erdogan vasthoudt aan zijn onorthodoxe beleid.  ( 3 min )

De iPhone-app van ChatGPT is nu ook in Nederland te gebruiken. Later komt de AI-chatbot ook beschikbaar voor Android-toestellen.  ( 3 min )

Tot dusver is op ongeveer een derde van het subsidiepotje voor nieuwe elektrische auto's aanspraak gemaakt. Dat blijkt uit cijfers van de RVO, die belast is met het verlenen van subsidie op de aanschaf en lease van elektrische auto's.  ( 3 min )

Relatief meer mensen met hogere inkomens hebben vorig jaar bij de schuldhulpverlening aangeklopt. Dat komt volgens branchevereniging NVVK voornamelijk door de hoge inflatie en stijgende energiekosten.  ( 3 min )

De voor fraude veroordeelde ondernemer Elizabeth Holmes heeft zich dinsdag bij de gevangenis in Texas gemeld. De Amerikaanse zou met haar bedrijf Theranos beleggers en klanten hebben misleid en moet voor zo'n elf jaar achter de tralies.  ( 4 min )

Ondanks de energiecrisis en omvallende buitenlandse banken staat ons financiële stelsel er volgens het Centraal Planbureau (CPB) goed voor. Ook blijven de gevolgen van dalende woningprijzen waarschijnlijk beperkt. Wel zijn jonge huizenbezitters kwetsbaar en is er een reële kans op een recessie.  ( 4 min )

De banken en toezichthouder De Nederlandsche Bank gaan zich in hun speurtocht naar witwaspraktijken meer richten op waar de echte risico's zitten. De Nederlandse Vereniging van Banken kan niet zeggen of dit ook betekent dat de kosten voor betaalpakketten minder hard omhooggaan.  ( 3 min )

De stikstofinstallatie in Zuidbroek, die op 1 april 2022 al had moeten draaien, kan vanaf 1 oktober stikstof produceren. Dat heeft een woordvoerder van Gasunie desgevraagd aan NU.nl laten weten.  ( 3 min )

Een kratje bier in de aanbieding kostte in de eerste maanden van dit jaar gemiddeld 14,22 euro in de supermarkt. Twee jaar geleden, voordat het verboden werd te stunten met de prijs van een kratje, was dat nog 10,52 euro. Dat heeft marktonderzoeker Circana uitgezocht op verzoek van NU.nl.  ( 3 min )

Het nieuwe pensioen komt eraan. Na jaren gesteggel is een hervorming van het pensioenstelsel nu ook door de Eerste Kamer. Je pensioen moet beter uitlegbaar zijn en passen bij deze tijd. Ook volgt je pensioenopbouw nadrukkelijker prestaties op de beurs. Vijf vragen over het nieuwe pensioen.  ( 8 min )

The Dow Jones Industrial Average fell about 0.4%, or 134 points, ahead of a key vote in the House of Representatives to extend the U.S. debt limit.  ( 1 min )

Stocks fell on Wednesday, May 31, 2023 as investors await the outcome of a vote in the House on a bill to raise the debt ceiling and avoid default.  ( 1 min )

Markets were down in midday trading on Wednesday, May 31, 2023 ahead of key vote on raising U.S. debt ceiling.  ( 1 min )

The House is set to vote on the debt ceiling deal and the Labor Department is expected to report fewer job openings. Here’s what investors need to know today.  ( 1 min )

The Dow fell, the Nasdaq rose and the S&P 500 was virtually unchanged on Monday, May 30, 2023, as the debt ceiling deal goes to Congress for approval  ( 1 min )

Hopes of a debt ceiling deal were rattled after some Republican lawmakers expressed opposition to the agreement, helping send the Dow Jones Industrial Average lower by 0.15%, or 50 points.  ( 1 min )

Intel was best-performing stock in the DOW after the company said current quarter revenue would be at the high end of its guidance.  ( 1 min )

Hewlett Packard Enterprise misses sales and guidance estimates, sending shares lower.  ( 1 min )

Twitter, now X Holdings Corp., is a private company but a Fidelity investment fund cut the valuation of its holding, implying the company is worth 33% of Musk's purchase price.  ( 1 min )

SoFi Technologies shares rose amid optimism the online financial firm could benefit from a provision in the government debt ceiling agreement reinstating student loan repayments.  ( 1 min )

Advance Auto Parts posted earnings well below estimates, and reduced its full-year profit and sales guidance.  ( 1 min )

Berkshire Hathaway bought 4.7 million shares in recent days and now owns 222 million shares of the energy company worth $13 billion.  ( 22 min )

Before 2019, there were few major impediments to having a Chinese company that did business in the U.S. from China. Now, some mainland China tech business owners say they need to go further and gain permanent residency or citizenship abroad to avoid the curbs on and the biases against Chinese companies in the United States.  ( 8 min )

Economic advisors have privately warned Saudi senior policy makers that the kingdom needs higher oil prices to fund a slew of megaprojects.  ( 8 min )

NEW YORK/SAN FRANCISCO (Reuters) -Even after Nvidia Corp's blistering rally in recent days, the chip developer's valuation has actually fallen, at least by one measure widely used by analysts and investors. Nvidia now trades at around 45 times Wall Street's average earnings estimates for the next 12 months - a popular measure known as the forward price/earnings (P/E) ratio. While investors rushed to buy Nvidia's stock in recent sessions, its P/E multiple has fallen simply because Wall Street's earnings expectations for the company rose even faster than its share price.  ( 8 min )

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The S&P's comeback this year gets only two cheers. A few big stocks are overperforming, while the rest of the market reflects the reversal of a historic earnings blowout.  ( 9 min )

Some people’s exploits in their chosen profession transcend beyond the industry they operate in – making them household names. It’s pretty safe to claim that even those not interested in the investing world are familiar with Warren Buffett. Buffett embodies the term ‘legendary investor’ probably more than any other and considering his decades of almost unrivalled stock picking success, it’s a thoroughly deserved epithet. For those looking to emulate a fraction of Buffett’s success, get ahead of  ( 11 min )

HP Enterprise reported mixed results for the April quarter, but it sees a big opportunity ahead in the need for high-powered systems to AI models.  ( 22 min )

HP Inc. managed to beat on earnings amid a focus on managing its costs.  ( 9 min )

As beer drinkers flock away from Bud Light, investors are losing their taste for InBev stock.  ( 9 min )

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There will always be a limit to how many expenses you can cut. But there’s no limit to how much you can earn.  ( 9 min )

Intel Corp (NASDAQ: INTC) stock is up Tuesday in sympathy with Nvidia Corp's (NASDAQ: NVDA) AI-driven rally. Over the past decade, Nvidia beat Intel to become America's most valuable semiconductor company. Advanced Micro Devices, Inc (NASDAQ: AMD) stole market share while Intel struggled with repeated delays in launching new chips. Interestingly, Intel CEO Pat Gelsinger flagged severe issues regarding leadership, people, methodology, and more for the chipmaker's fall from the leading chipmaker p  ( 7 min )

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The debt-ceiling agreement struck over the weekend would reinstate government student loan repayments.  ( 22 min )

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Pop quiz: True or False – Social Security retirement benefits are subject to income tax just like withdrawals from a traditional IRA account. If you answered "False," you're smarter than more than 60% of your fellow Americans nearing retirement. In … Continue reading → The post Can You Pass This Social Security Quiz? Nearly 7 in 10 People Struggle With These Basic Questions appeared first on SmartAsset Blog.  ( 8 min )

(Bloomberg) -- Brazil’s credit card interest rates soared to their highest point in six years, adding to central bankers’ concerns about worrisome levels of household debt. Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatStock Rally Loses Steam After AI-Fueled Euphoria: Markets WrapNvidia Touches $1 Trillion Mark After Beating Riva  ( 7 min )

The market mania for AI plays continues.  ( 23 min )

Ronald Reid was the last person you would expect to be a millionaire. He used safety pins to hold his old coats together and cut his own firewood well into his 90s. He drove a second-hand Toyota Yaris and resisted new purchases. His only real indulgence may have been his daily English muffin and a cup of coffee at the Brattleboro Memorial Hospital in Vermont, where a friend remembered him sitting at the exact same stool every morning. Don't Miss: Thanks to changes in federal law, anyone can inve  ( 7 min )

The investor says the chip maker's stock is "priced ahead of the curve." She's playing the artificial-intelligence boom through the electric-vehicle manufacturer.  ( 23 min )

The S&P 500 dipped by 19% in 2022, but stocks still don’t seem cheap to Charlie Munger, Warren Buffett’s billionaire partner at Berkshire Hathaway. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families “In my whole adult life, I have never hoarded cash, waiting for better conditions,” Munger said in an interview in late 2022. “I’ve just invested in the best thing I could find.” Yet he acknowledged that Berkshire Hatha  ( 8 min )

According to a new report, Tesla scored a huge milestone on its path to ramping up global EV adoption — though the electric vehicle maker may have paid a big price for it.  ( 9 min )

According to a new report - Tesla scored a huge milestone on its path to ramping up global EV adoption - though the electric vehicle maker may have paid a big price for it.  ( 8 min )

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Qualcomm Inc (NASDAQ: QCOM) stock traded higher Tuesday in sympathy with Nvidia Corp (NASDAQ: NVDA), buoyed by the AI rally. The leading smartphone processor maker described transitioning into an "intelligent edge computing" firm, said SVP Alex Katouzian at the Computex show in Taipei. It is betting on the AI frenzy calling for more computing power than the cloud alone can provide, especially when personal information is at stake, Bloomberg reports. Qualcomm, whose chips help smartphones harness  ( 7 min )

Michael Burry's bullish bets on stocks, including Alibaba Group Holding Limited (NYSE: BABA), followed stake boosts by other top hedge funds, including Moore Capital Management and Third Point LLC, in the first quarter. Asia-based firms, including Simon Sadler's Segantii Capital Management Ltd. and Alpine Investment Management Ltd., accounted for nearly half of Alibaba ADRs offloaded by the quarter's top 10 most prominent hedge fund sellers, Bloomberg cites 13F filings. The sole Asia-headquarter  ( 7 min )

U.S. crude dipped below $70 a barrel for the first time in two weeks ahead of an OPEC+ meeting at which major producers will debate whether to cut output to bolster oil prices. Comments by officials in member states suggest the cartel is likely to stick with current cuts instead of deepening them,  ( 26 min )

With the Nasdaq now up more than 2.5% in the last five days, Wood argues there are going to be other winners in the AI space outside of Nvidia.  ( 8 min )

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Nvidia has been on tear this year thanks to the tech industry's AI craze. The company's market cap hit $1 trillion on Tuesday.  ( 7 min )

Plug Power Inc, a U.S. maker of hydrogen fuel systems, said on Tuesday it aims to build three plants in Finland costing some $6 billion to produce green hydrogen and ammonia for the European market. The company said it was in talks with potential financial investors and debt providers and aims to find industrial partners to secure offtake for its planned production ahead of a final investment decision in 2025 or 2026. Plug had spent two years searching around the world for the right locations, CEO Andy Marsh told Reuters on the sidelines of a presentation in Helsinki.  ( 7 min )

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The euro initially plunged below a major trend line in the 200-Day EMA, only to turn around and show signs of life.  ( 7 min )

Long-term care for seniors is one of the biggest gaps in America's safety net. For many of us, as we get older we will require longer and better care. In some cases, this can mean a health aide or other … Continue reading → The post How to Protect Your Parents' Assets From Nursing Homes appeared first on SmartAsset Blog.  ( 9 min )

Is $4 million enough to retire at 65? For most people, the answer is yes. But there are a lot of considerations and a good deal of planning to retire, regardless of how much you've saved. Everyone has different needs when … Continue reading → The post How to Retire at 65 With $4 Million appeared first on SmartAsset Blog.  ( 9 min )

A $4 million nest egg will likely allow you to retire comfortably at age 55. The major challenge will be accumulating that much capital by 55 – about a decade before most people stop working. Other issues include the need to … Continue reading → The post Is $4 Million Enough to Retire on at 55? appeared first on SmartAsset Blog.  ( 8 min )

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AI hype is in full bloom in the US stock market. And the biggest names in the market are doing the heavy lifting pushing stocks higher.  ( 9 min )

KeyBanc Capital Markets analyst John Vinh raised his price target on the company ahead of its earnings this week.  ( 23 min )

Ford stock got upgraded to Buy from hold by Jefferies analyst Philippe Houchois Tuesday. His price target went to $16 from $13 a share.  ( 22 min )

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The gaze of investors now turns to what the Federal Reserve may do in a few short weeks.  ( 8 min )

New York City developers are starting to unload lower-quality buildings at deep discounts, cracking open a frozen real-estate market.  ( 22 min )

US stock futures were tentatively higher on Tuesday morning, kicking off a shortened trading week amid hopes the hard-won deal-ceiling deal would get through a divided Congress in a matter of days.  ( 8 min )

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Political leaders in Washington urge lawmakers to pass the debt ceiling deal and Nvidia releases a new line of AI-focused products as the company approaches a market valuation of $1 trillion. Here’s what investors need to know today.  ( 18 min )

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Dave Burt told CNBC that the market is in for a 2008-level price correction if lenders don't start weighing the risk flooding poses to home values.  ( 6 min )

State Farm, the largest property insurer in the US, will no longer accept new applications for home insurance in California, citing the risks of apocalyptic wildfires as well as the exorbitant costs of construction.  ( 7 min )

Tim Coyne, T. Rowe Price's global head of ETFs, said the company is expanding its exchange-traded fund offerings to better go after millennials.  ( 15 min )

↗️ Nvidia (NVDA), AMD (AMD), Intel (INTC) and Marvell Technology (MRVL): The chipmakers' stocks a  ( 20 min )

The Fed's monetary squeeze "is aimed at a problem that’s over, and the effect from here will be to hammer consumer demand and economic growth," predicts Steve Hanke of Johns Hopkins.  ( 13 min )

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Meta, valued at about $670 billion as of last close, clinched the trillion-dollar market capitalization milestone in 2021, while Apple Inc, Alphabet Inc, Microsoft Corp and Amazon.com Inc are the other U.S. companies that are part of the club. AI took center stage after Nvidia stunned investors with a revenue forecast that surpassed analysts' expectations by more than 50%. The Philadelphia SE Semiconductor index closed at its highest in over a year last week after Nvidia's stellar results powered other chipmakers higher.  ( 6 min )

Outflows have kept up the pace this year, fueled by a deteriorating economy and the departure of men avoiding conscription.  ( 28 min )

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Stock futures were higher Monday after a deal was agreed to extend the U.S. debt ceiling for two years over the Memorial Day weekend.  ( 23 min )

The rouble fell to a more than one-month low against the dollar on Tuesday as drones attacked Moscow and the Russian currency lost the support of a favourable tax period. Ukraine launched one of its biggest drone attacks on Moscow, according to Russia, whose defence ministry said all were destroyed approaching the city. Kyiv had no immediate comment, but has not publicly acknowledged launching attacks against targets inside Russia.  ( 6 min )

Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades for Ford, Coinbase, Constellation Brands, Equitrans Midstream , and Boston Beer. Ford (NYSE:F) shares climbed nearly 3% pre-market today after Jefferies upgraded the company to Buy from Hold and raised its price target to $16.00 from $13.00, as InvestingPro reported in real time.  ( 7 min )

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News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

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Ballooning debt, tepid consumption and worsening relations with the West are set to weigh on future growth, economists say.  ( 28 min )

Executives and early investors sold shares worth $22 billion through well-timed trades, profiting before share prices collapsed.  ( 31 min )

(Bloomberg) -- Coal cargoes unwanted in Europe are heading to Asia, where utilities are stockpiling the fuel amid sweltering temperatures heading into the summer.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyManchin Gets Mountain Valley Pipeline Deal Into Debt BillDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapMcCarthy Won the Debt-Limit Deal. Biden Did, Too.Traders Ready to Embrace Riskier Assets After Debt-Cap Deal  ( 7 min )

(Bloomberg) -- A key gauge of Chinese stocks was on track to enter a bear market as a weak economic recovery and tensions with the US left traders with little reason to buy. Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyManchin Gets Mountain Valley Pipeline Deal Into Debt BillDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapMcCarthy Won the Debt-Limit Deal. Biden Did, Too.Traders Ready to Embrace Riskier Assets After D  ( 7 min )

Gold prices traded in a narrow range on Tuesday, hovering close to a recent two-month low, as optimism over a U.S. debt ceiling deal and reduced bets for a pause in the Federal Reserve's rate hike policy in June dented the metal's appeal. U.S. President Joe Biden said on Monday he feels good about prospects for passage by Congress of the debt ceiling deal that he reached with House of Representatives Speaker Kevin McCarthy. The high volatility events such as the U.S. regional banking crisis, and whether or not an agreement would be reached on raising the U.S. debt ceiling are now passing, "reducing the markets interest in gold as investors seek alpha," Michael Langford, director at corporate advisory AirGuide said.  ( 7 min )

(Bloomberg) -- It’s not every day that Cathie Wood labels a stock-market darling of the innovation economy too expensive.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyManchin Gets Mountain Valley Pipeline Deal Into Debt BillDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapMcCarthy Won the Debt-Limit Deal. Biden Did, Too.Traders Ready to Embrace Riskier Assets After Debt-Cap DealBut Nvidia Corp.’s outsized jump has prom  ( 8 min )

Asian stocks were mostly higher on Tuesday as investors cheered the prospect that the world's largest economy will avert a major debt default, improving sentiment across most asset classes. Australian shares were up 0.03% while the Nikkei stock index slipped 0.28%, cooling a bit after the Japanese benchmark hit a 33-year high on optimism over the U.S debt deal and a weaker yen, which helps the country's exporters. "The U.S had a poor resolution to the debt ceiling negotiations with still a huge increase in government debt and no real cuts to spending but has relieved pressure for now," said James Rosenberg, an advisor at broker Ord Minnett in Sydney.  ( 8 min )

Oil prices rose on Tuesday as the expectations the debt ceiling deal in U.S., the world's biggest oil user, will spur more demand but fears of further interest rate rises and that OPEC+ will leave output quotas unchanged capped gains. U.S. West Texas Intermediate (WTI) crude rose 53 cents to $73.20 a barrel, up 0.7% from Friday's close. There was no settlement on Monday because of a U.S. public holiday.  ( 7 min )

(Bloomberg) -- Asian equities were poised for a cautious open Tuesday as White House and Republican congressional leaders stepped up lobbying to ensure Congress passes a debt-accord to head off a US default.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapManchin Gets Mountain Valley Pipeline Deal Into Debt BillTraders Ready to Embrace Riskier Assets After Debt-Cap DealBide  ( 8 min )

(Bloomberg) -- Semiconductor designer Arm Ltd. has found its calling card for the rest of the year as it builds toward a much-anticipated initial public offering: artificial intelligence.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapManchin Gets Mountain Valley Pipeline Deal Into Debt BillTraders Ready to Embrace Riskier Assets After Debt-Cap DealBiden, McCarthy Forge De  ( 7 min )

Investing.com -- Cathie Wood, manager of the ARK Innovation exchange-traded fund (NYSE:ARKK), said on late-Monday that recent stock market darling Nvidia Corporation (NASDAQ:NVDA) was priced “ahead of the curve,” and that Tesla Inc (NASDAQ:TSLA) was positioned to benefit from recent breakthroughs in artificial intelligence.  ( 7 min )

(Bloomberg) -- Soon-to-mature Treasury bills rallied as trading resumed after the Memorial Day holiday, following a tentative deal over the debt ceiling which eased concerns of a US default. Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapManchin Gets Mountain Valley Pipeline Deal Into Debt BillTraders Ready to Embrace Riskier Assets After Debt-Cap DealBiden, McCarthy Forg  ( 7 min )

Quant funds, which use computer models to trade, are helping calm the markets at a time of uncertainty.  ( 8 min )

(Bloomberg) -- The Big Tech rally of this year has further to run as the risk of a US recession drives investors into stocks that offer profitable growth in lean times, according to the latest Markets Live Pulse survey.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapManchin Gets Mountain Valley Pipeline Deal Into Debt BillTraders Ready to Embrace Riskier Assets After Debt-  ( 8 min )

Phi ellipses is a little-known trading tool, drawn by a computer or trading software, used to detect price patterns, trends, and possible reversals.  ( 20 min )

Birake (BIR) is a cryptocurrency exchange platform that bills itself as the first "white label" cryptocurrency exchange. It appears not to have gained much support.  ( 22 min )

Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics.  ( 20 min )